This scheme aims to boost jobs and investment in the IT/ITeS sector by helping set up BPO Read More... units in smaller towns with financial support. Read less
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Looking to create job opportunities and boost the IT/ITeS sector in smaller Indian cities? The India BPO Promotion Scheme (IBPS) is here to help!
Launched by the Ministry of Electronics and Information Technology (MeitY), the India BPO Promotion Scheme (IBPS) is all about bringing BPO and IT Enabled Services (ITeS) operations to towns and cities beyond the major metros. It provides financial help, known as Viability Gap Funding (VGF), to eligible companies. This funding supports them in setting up and running BPO/ITeS units, creating much-needed jobs and driving economic growth in non-metro areas. The scheme is managed by Software Technology Parks of India (STPI) and is a key part of the Digital India initiative. It aims to set up a total of 48,300 BPO/ITeS seats across the country, excluding the North-Eastern region.
The IBPS is designed for companies and entrepreneurs who want to establish and operate Business Process Outsourcing (BPO) or Information Technology Enabled Services (ITeS) units. If you're looking to set up such operations in eligible locations in smaller cities and towns, and aim to create employment opportunities, especially for the youth, this scheme is for you. Special consideration is also given to hilly states like Himachal Pradesh, Jammu & Kashmir, and Uttarakhand.
This scheme plays a crucial role in decentralizing IT/ITeS growth. By encouraging businesses to set up in smaller towns, it helps distribute economic benefits more widely across India. It directly addresses the need for youth employment and supports the government's vision of a digitally empowered nation. The scheme aims to create a significant number of BPO/ITeS seats, fostering a more inclusive and robust IT sector.
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To be eligible for the India BPO Promotion Scheme, companies or entrepreneurs must meet the following conditions:
Note: Special considerations are in place for the hilly states of Himachal Pradesh, Jammu & Kashmir, and Uttarakhand.
Eligible companies and entrepreneurs can apply for the India BPO Promotion Scheme through the official online portal. The application process typically involves:
When applying for the India BPO Promotion Scheme, you will generally need to provide the following documents:
Can individuals apply for this scheme?
No, the India BPO Promotion Scheme is not for individual applicants. It is designed for companies or entrepreneurs who are looking to establish and operate Business Process Outsourcing (BPO) or IT Enabled Services (ITeS) units.
What is the main goal of the IBPS?
The primary goal of the IBPS is to encourage the setup of BPO and IT Enabled Services (ITeS) operations in smaller cities and towns. This helps create jobs, promotes balanced development across regions, and boosts the IT/ITeS sector.
How many seats does the scheme aim to establish?
The scheme aims to support the creation of 48,300 BPO/ITeS seats throughout India. However, this count excludes the North-Eastern region of the country.
What kind of financial help does the scheme offer?
The scheme offers Viability Gap Funding (VGF) to eligible companies. This financial support helps cover a portion of the costs involved in setting up and running BPO/ITeS operations.
What is the maximum financial assistance I can get?
You can receive financial assistance for up to 50% of your Capital Expenditure (CAPEX) or Operational Expenditure (OPEX). The maximum limit for this assistance is ₹1,00,000 per BPO/ITeS seat.
Who is responsible for running the IBPS?
The scheme is implemented by the Software Technology Parks of India (STPI), which operates under the Ministry of Electronics and Information Technology.
Are there any extra incentives available?
Yes, there are special incentives. You can get extra support for employing women, differently-abled persons, exceeding employment targets, local entrepreneurship, and setting up units outside state capitals. Training for employees is also incentivized.
Where can I find the application portal?
You can apply for the scheme through the official IBPS online portal. The website is https://ibps.stpi.in.