There are several schemes and policies in place to support the growth and development of Animation, Visual Effects, Gaming and Comics (AVGC) companies in India. Some of the major ones are:
- National Centre for Animation, Gaming and Visual Effects (NCAGVE): This is a government initiative to establish a world-class centre for training and skill development in the AVGC sector.
- Digital India: This is a government initiative aimed at transforming India into a digitally empowered society and knowledge economy. It includes several schemes and policies to support the growth of the IT and digital industries, including the AVGC sector.
- Start-Up India: This is a government initiative aimed at promoting entrepreneurship and start-ups in the country. AVGC companies can benefit from this initiative through funding and support for research and development.
- National Animation, Gaming and Visual Effects Development Fund (NAGDEF): This is a government fund established to provide financial assistance to the AVGC sector. The fund is intended to support the development of new and existing companies in the sector.
- Media and Entertainment Industry Development Council (MEIDC): This is an industry-led body established to promote the growth and development of the media and entertainment industry in India, including the AVGC sector.
- India Film Industry Development Corporation (IFDC): This is a government-funded body that provides financial assistance to the film industry, including animation and visual effects.
- Pradhan Mantri Rojgar Protsahan Yojana (PMRPY): This government scheme aims to incentivize employers for increasing employment in the country. Employers can get reimbursement of 8.33% of the employee’s salary for the next three years if they are registered under PMRPY
These are some of the major schemes and policies in place to support the AVGC sector in India. There may be more region-specific policies that may exist as well.
