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Cabinet approves grant of Permanent Residency Status to Foreign Investors

Published By : Admin | August 31, 2016 | 16:37 IST
Cabinet chaired by PM Modi approves grant of Permanent Residency Status to Foreign Investors
Cabinet clears PRS scheme to encourage foreign investment in India and facilitate ‘Make in India’ Programme

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved the scheme for grant of Permanent Residency Status (PRS) to foreign investors subject to the relevant conditions as specified in the FDI Policy notified by the Government from time to time.

The scheme is expected to encourage foreign investment in India and facilitate Make in India Programme. Under the Scheme, suitable provisions will be incorporated in the Visa Manual to provide for the grant of PRS to foreign investors.

The PRS will be granted for a period of 10 years with multiple entry. This can be reviewed for another 10 years if the PRS holder has not come to adverse notice. The scheme will be applicable only to foreign investors fulfilling the prescribed eligibility conditions, his/her spouse and dependents. In order to avail this scheme, the foreign investor will have to invest a minimum of Rs. 10 crores to be brought within 18 months or Rs.25 crores to be brought within 36 months. Further, the foreign investment should result in generating employment to at least 20 resident Indians every financial year.

Permanent Residency Status will be granted for a period of 10 years initially with multiple entry facility, which can be renewed for another 10 years. PRS will serve as a multiple entry visa without any stay stipulation and PRS holders will be exempted from the registration requirements. PRS holders will be allowed to purchase one residential property for dwelling purpose. The spouse/ dependents of the PRS holder will be allowed to take up employment in private sector (in relaxation to salary stipulations for Employment Visa) and undertake studies in India.

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Prime Minister congratulates successful candidates of Civil Services Examination, 2025
March 06, 2026

The Prime Minister, Shri Narendra Modi has congratulated all those who have successfully cleared the Civil Services Examination, 2025. He said that their dedication, perseverance and hard work have enabled them to achieve this significant milestone.

The Prime Minister noted that clearing the Civil Services Examination marks the beginning of an important journey of public service. He wished the successful candidates the very best as they embark on the path of serving the nation and fulfilling the aspirations of the people.

The Prime Minister also conveyed his message to those who may not have secured the desired outcome in the examination. He acknowledged that such moments can be difficult, but emphasised that this is only one step in a larger journey.

Highlighting that many opportunities lie ahead, both in future examinations and in the many avenues through in which individuals can contribute to the nation, the Prime Minister extended his best wishes to them for the road ahead.

The Prime Minister wrote on X;

“Congratulations to all those who have successfully cleared the Civil Services Examination, 2025. Their dedication, perseverance and hard work have led to this significant milestone.

Wishing them the very best as they embark on a journey of serving the nation and fulfilling the aspirations of the people.”

“To those who may not have secured the desired outcome in the Civil Services Examination, I understand that such moments can be difficult. However, this is only one step in a larger journey. Many opportunities lie ahead, both in future examinations and in the many avenues through which you can contribute to our nation. My best wishes for the road ahead.”