The new policy of institutionalising ease of access of geospatial data will empower domestic industries and surveying agencies, Union Minister Harsh Vardhan said on Monday.
Addressing media here, the minister said: "PM Swamitva Yojana is a shining example of the use of geospatial data to empower our rural population. Increased participation of private sector will augment the growth of new technologies, platforms and application of geospatial data contributing to the country's progress."
The union minister said that it will help drive efficiencies in agriculture, enhance our emergency-response capabilities while also facilitating rise of new-age industries.
The minister also summarised the budget announcements related to Science and Technology.He said that Rs 50,000 crore has been allocated in the budget over the next 5 years for the National Research Foundation.
He mentioned the announcement of the launch of Deep Ocean Mission with a budget outlay of Rs 4000 crore as a key feature of the S & T related budget announcements.He said that an allocation to National Language Translation Mission (NLTM) in the budget was done to enable the translation of the wealth of governance and policy-related knowledge into many regional languages.
"Launch of Hydrogen Energy Mission and a new Public Sector Unit called the New Space India Limited under the Department of Space are other key S & T related budget announcements, " he said.
"We have increased the budget allocation this year by 30 per cent for the Ministry of Science and Technology and the Ministry of Earth Sciences put together as compared to the revised estimate of last year," he added.
The total budget estimate for MoST and MoES for 2021-22 is Rs 16,695.36 crore.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)