Government extends SIP Scheme for 5 years till 2025-26

The Department for Promotion of Industry and Internal Trade has notified for continuation of the Scheme for Investment Promotion (SIP), a Central Sector scheme, for the duration of five years (i.e., FY 2021- 22 to 2025-26) vide notification dated November 29, 2021. The scheme comprises of a number of components and activities for promotion of investment into the country with a financial outlay of INR 970 crores.

 

The continuation of the “Scheme for Investment Promotion (SIP)” has been extended from FY 2021-22 to 2025-26 with the following components:

  • Investor targeting & facilitation – Domestic & International activities
  • Investment promotion – Amplification & outreach activities
  • Project management activities
  • Foreign Travel.

 


*Tanvi Singh, Editorial Assistant has reported this brief.

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