Ministry of Heavy Industries & Public Enterprises

Name of the Ministry /Department

Department of Financial Services, Ministry of Finance

S. No.

Scheme /

Policy Name

Details of Scheme /Objective (Not More than 100 words)

Eligibility

Criteria

Target

Beneficiary

Target Achieved (Current Status)

To Outlay (Budget Details- year wise)

Benefits accrued to Citizens

Whether initiative linked to any other central Schemes

Restructuring and Disinvestment of CPSEs

DHI has made a systematic effort to engineer a Turnaround in several Sick and Loss Making CPSEs, such as R&C, AYCL, CCI and SIL which have moved towards Increased Operational Profit and/or Positive Net Worth.

DHI has undertaken the appraisal of Loss making CPSEs and has made efforts for restructuring, closure and Strategic Disinvestment of several CPSEs.

2 Closure and Disinvestment cases in DHI

Tungabhadra Steel Products Ltd. (TSPL)

HMT Chinar Watches Ltd. (HMTCW)

HMT Watches Ltd. (HMTW)

HMT Bearings Ltd. (HMTB)

Hindustan Cables Ltd. (HCL)

HMT Tractor Division (HMTL-TP)

Instrumentation Ltd. Kota Unit (ILK)

Scooters India Ltd. (SIL)

Bridge & Roof company Ltd.(B&R)

Bharat Pumps and Compressors Ltd.(BPCL)

Hindustan Newsprints Ltd. (HNL)

Cement Corporation of India Ltd. – units (CCI)

Engineering Projects India Ltd. (EPIL)

BHEL – EML Ltd.

3 Capital Goods Sector

National Capital Goods Policy was approved by the Union Cabinet Chaired by Hon’ble Prime Minister on 25^th May, 2016

Scheme on Capital Goods

For development and growth of Indian Capital Goods Sector, a ‘’Scheme on Enhancement of Competitiveness in the Indian Capital Goods Sector’’ was notified in the Gazette of India on 5.11.2014. The Scheme also has a financial component by way of Technology Acquisition Fund Programme for extending GoI support for acquisition / transfer of technology in Capital Goods Sector.

The Scheme facilitates technology development and technology upgradation.

The scheme to facilitate setting up of Centre of Excellence (CoE) for technology development with premiere technical institutes; Integrated Industrial Infrastructural Facility Centre which would reduce the cost of conversion from raw materials to finished products; Common Engineering Facility Centre which are basically common facilitation centers and Testing & Certification Centre.

Total outlay of Rs. 930.96 crore out of which a Government budgetary support of Rs. 581.22 crore is envisaged for the entire Scheme period.

5 Auto Sector
Automotive Mission Plan

Department has finalized the Automotive Mission plan for a period of ten years from 2016-2026.

Vision of AMP 2026 is

“By 2026, the Indian automotive industry will be among the top three of the world in engineering, manufacture and export of vehicles and components, and will encompass safe, efficient and environment friendly conditions for affordable mobility of people and transportation of goods in India comparable with global standards, growing in value to over 12% of India’s GDP, and generating an additional 65 million jobs”

6 FAME – India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India)

Under National Mission on Electric Mobility (NMEM), DHI launched FAME - India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) scheme to encourage progressive induction of reliable, affordable and efficient electric and hybrid vehicles (xEV) with effect from 1st April 2015 for the initial period of Two years.

NA

This scheme is one of the Green initiatives of the Government aiming at cumulative fuel savings of about 9500 million litres (Value over Rs. 60000 crore by 2020)

During last 21 months, 1,10,000 hybrid and electric vehicles provided demand incentives under the scheme, which resulted into saving of 7.5 million litre fuel and 20000 MT of Co2 till 31 Dec 2016.

7 Major Decisions

The NATRiP project in the Auto Sector was brought on track and Union Cabinet approved the extension of NATRiP Project from 1st January 2015 to June 2019.

The Cabinet approved the first of its kind R&D project for indigenous development of Advanced Ultra Super Critical (AUSC) technology by a consortium of BHEL, IGCAR, NTPC, and DST, to develop the design, material and manufacturing technology for an 800 MW thermal power plant,

This will lead to a reduction in coal consumption and CO2 emission by 11% over present day Super Critical Technology, with a total financial outlay of Rs.1554 crore.