This scheme aims to boost job creation and investment in the IT and IT-enabled services sector by Read More... helping companies set up BPO units in smaller towns. It provides financial support through Viability Gap Funding. Read less
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The Indian government, through the Ministry of Electronics and Information Technology, has launched the India BPO Promotion Scheme (IBPS). This initiative is a big step towards bringing Information Technology and IT-Enabled Services (ITeS) jobs to smaller cities and towns across the country. The main goal is to create more employment for young people and encourage more investment in this growing sector.
The IBPS offers financial help, known as Viability Gap Funding (VGF), to companies looking to start or expand BPO/ITeS operations in places outside the major metropolitan hubs. This funding makes it easier for businesses to set up their offices and operations, contributing to the 'Digital India' vision.
The primary beneficiaries are companies and entrepreneurs who want to establish and run BPO or ITeS units. The scheme specifically encourages setting up these units in eligible locations, creating jobs, and bringing economic development to smaller urban areas.
IBPS is crucial for fostering balanced regional development. By decentralizing IT/ITeS operations, it aims to reduce migration to big cities, create local employment opportunities, and harness the talent available in Tier-II and Tier-III cities. The scheme targets the establishment of a significant number of BPO/ITeS seats, boosting the overall IT landscape of India.
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Note: Special consideration is given to Hilly states of Himachal Pradesh, Jammu & Kashmir, and Uttarakhand.
Companies interested in the India BPO Promotion Scheme can submit their proposals or bids online. The application portal is available at:
Can individuals apply for this scheme?
No, this scheme is designed for companies or entrepreneurs who plan to establish BPO/ITeS operations. It is not meant for individual applicants.
What is the total number of BPO/ITeS seats the scheme aims to create?
The scheme is designed to support the creation of 48,300 BPO/ITeS seats across India, excluding the North-Eastern region.
What is the maximum funding a company can get per seat?
The scheme offers financial assistance of up to 50% of the expenditure, with a maximum limit of ₹1,00,000 per BPO/ITeS seat.
What are the extra incentives available under IBPS?
Companies can get additional incentives for employing more women, hiring differently-abled individuals, exceeding employment targets, supporting local entrepreneurs, and setting up units outside state capitals. Training incentives for employees are also provided.
Who is responsible for running the IBPS?
The Software Technology Parks of India (STPI), under the Ministry of Electronics and Information Technology, is the nodal agency that implements the scheme.
What is the main goal of the India BPO Promotion Scheme?
The IBPS aims to boost job creation and investment in the IT/ITeS sector by encouraging the setup of BPO and other IT-enabled services in smaller cities and towns, promoting balanced development across the country.
What kind of financial support does the scheme offer?
The scheme provides Viability Gap Funding (VGF) to eligible companies to help them establish and operate BPO/ITeS units.
Where can I find the application form or submit my bid?
Eligible companies can apply through the official IBPS online portal, which is accessible at https://ibps.stpi.in.