Culture ministry sets aside ₹350 crore fund for promoting eight schemes
- December 22, 2023
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Culture ministry sets aside ₹350 crore fund for promoting eight schemes
Subject : Schemes
Section: History
Context: Culture ministry sets aside ₹350 crore fund for promoting eight schemes
More about the news:
- The Ministry of Culture in India plans to disburse over ₹350 crore over a five-year period to promote art and culture through various schemes.
- The financial assistance will be directed towards cultural organizations, including NGOs, institutions, and voluntary organizations.
- The disbursements are allocated as follows: ₹68.79 crore in FY22, ₹71.19 crore in FY23, and ₹71.16 crore each year from FY24 to FY26.
- The Ministry of Culture in India is extending financial assistance to cultural organizations with a national presence, offering grants of up to one crore rupees. Additionally, the Cultural Function & Production Grant (CFPG) provides a maximum grant of ₹5 lakh, which can be increased to ₹20 lakh under exceptional circumstances.
- These funding initiatives aim tosupport cultural organizations, cultural functions and production, preservation of cultural heritage in the Himalayan region, development of Buddhist/Tibetan organizations, building grants, and safeguarding intangible cultural heritage.
What is Cultural Function & Production Grant (CFPG)
- The objective of this scheme component is to provide financial support to NGOs/ Societies/ Trusts/ Universities etc. for Seminars, Conference, Research, Workshops, Festivals, Exhibitions, Symposia, Production of Dance, Drama-Theatre, Music etc.
- The maximum grant provided under CFPG is Rs.5 Lakh which can be increased to Rs. 20 Lakh under exceptional circumstances.