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TNPSC GROUP 1 MAINS CHALLENGE-National Policy on Software Product 2019


National Policy on Software Product 2019

• National Policy on Software Product 2019 is a basic roadmap for formulation of initiatives, schemes and other measures for the development of software products sector in India

Funding:

• It involves an initial outlay of Rs.1500 crore for various schemes till 2025.

• Software Product Development Fund: of Rs 5000 crore with contribution from private sector to promote emerging technologies such as Internet of Things, Artificial Intelligence, Blockchain, Big Data and robotics.

• Research & Innovation fund

Five Main Missions:

• Increase share in global software products market

• Create Indian Software products Industry of $ 70-80 billion at a Compounded Annual Growth Rate of 40% by 2025.

• Increase India’s share in global software product market by ten times.

• Develop Software Product Eco-system

• Nurturing of 10,000 technology start-ups in software product industry, including 1,000 in tier-II and tier-III towns.

• Cluster-based innovation driven ecosystem by developing 20 sectoral and strategically located software product development clusters

• Employment Generation

• It aims create direct & indirect employment for 3.5 million people by 2025.

• Talent Pool Creation

• Skilling of 10 lakh IT professionals.

• Developing 10,000 leadership professionals.

• National Software Products Mission

• Aimed at monitoring and evaluating scheme & programmes with participation from Government, Academia and Industry.

Impact

• Boost export income

• Create employment and entrepreneurial opportunities

• Leverage opportunities available under the Digital India Programme leading inclusive and sustainable growth.