Page 21 - Policy Economic Report_Feb'25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Nuclear Energy Mission for Viksit Bharat: Amendments to the Atomic Energy Act and the Civil
Liability for Nuclear Damage Act to be taken up. Nuclear Energy Mission for research &
development of Small Modular Reactors (SMR) with an outlay of ?20,000 crore to be set up, 5
indigenously developed SMRs to be operational by 2033.
Shipbuilding: The Shipbuilding Financial Assistance Policy to be revamped. Large ships above a
specified size to be included in the infrastructure harmonized master list (HML).
Maritime Development Fund: A Maritime Development Fund with a corpus of ? 25,000 crore to
be set up, with up to 49 per cent contribution by the Government, and the balance from ports
and private sector.
UDAN - Regional Connectivity Scheme: A modified UDAN scheme announced to enhance regional
connectivity to 120 new destinations and carry 4 crore passengers in the next 10 years. Also to
support helipads and smaller airports in hilly, aspirational, and North East region districts.
Greenfield Airport in Bihar: Greenfield airports announced in Bihar, in addition to the expansion
of the capacity of Patna airport and a brownfield airport at Bihta.
Western Koshi Canal Project in Mithilanchal: Financial support for the Western Koshi Canal ERM
Project in Bihar.
Mining Sector Reforms: A policy for recovery of critical minerals from tailings to be brought out.
SWAMIH Fund 2: A fund of ? 15,000 crore aimed at expeditious completion of another 1 lakh
dwelling units, with contribution from the Government, banks and private investors announced.
Tourism for employment-led growth: Top 50 tourist destination sites in the country to be
developed in partnership with states through a challenge mode.

Investing in Innovation

Research, Development and Innovation: ?20,000 crore to be allocated to implement private
sector driven Research, Development and Innovation initiative announced in the July Budget.
Deep Tech Fund of Funds: Deep Tech Fund of Funds to be explored to catalyze the next generation
startups.
PM Research Fellowship: 10,000 fellowships for technological research in IITs and IISc with
enhanced financial support.
Gene Bank for Crops Germplasm: 2nd Gene Bank with 10 lakh germplasm lines to be set up for
future food and nutritional security.
National Geospatial Mission: A National Geospatial Mission announced to develop foundational
geospatial infrastructure and data.
Gyan Bharatam Mission: A Gyan Bharatam Mission for survey, documentation and conservation
of our manuscript heritage with academic institutions, museums, libraries and private collectors
to be undertaken to cover more than 1 crore manuscripts announced.

6. Exports
Export Promotion Mission: An Export Promotion Mission, with sectoral and ministerial targets,
driven jointly by the Ministries of Commerce, MSME, and Finance to be set up.
BharatTradeNet: ‘BharatTradeNet’ (BTN) for international trade to be set-up as a unified platform
for trade documentation and financing solutions.

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