Describe the objectives of the ‘Pravasi Bhartiya Diwas’. What incentives have been offered by the Government of India to attract the ‘Pravasis’ to India? [Answer Limit: 125 words] [UKPSC 2023]
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Pravasi Bhartiya Diwas (PBD) is an annual event hosted by the Indian government to strengthen ties with Indians living around the world. This gathering aims to honor the significant contributions made by the Indian diaspora, foster a deeper connection to their roots, and promote economic and cultural collaborations. To attract the global Indian community, the government has introduced several incentives, including the Pravasi Bharatiya Bima Yojana (PBBY) for health insurance, simplified processes for visa and citizenship applications, as well as investment opportunities through programs like the Pradhan Mantri Garib Kalyan Yojana. Additionally, there are tax benefits and support for starting businesses in India, with the goal of harnessing the skills and resources of the diaspora for the nation’s development.