The NAMO Govt. has handed down Budget 2017-18 for Photographers
The Indian Government budget sets out the economic and fiscal outlook for Photographer’s Welfare. It shows the Government’s social and political priorities to make professional photography a fair conduct.
You can find all the Budget takeaways below.
(1) Government rolls out Rs 1000-crore for Indian Photographer’s Welfare Fund.
In a bid to promote photography as the art form of tomorrow, the government has allocated Rs 1000 crore in the 2017-18 budget.
According to sources, the funds allocated to photographers welfare fund will be utilized to educate and train the photographers and protect their interest.
(2) Delhi Government to distribute 1 lakh DSLR’s to University Students
Inspired by Uttar Pradesh’s state government’s scheme of providing free laptops and tablet computers to youth, other states have now started following the Uttar Pradesh model by making similar announcements.
Delhi Government has implemented a scheme starting 1 June 2017 where undergraduate students of Delhi will be distributed free DSLRs.
Yes, you heard it right! Starting 1 June 2017 you head to your nearest authorized Canon or Nikon store and show your student ID to get free DSLR!
(3) Register with Photographer’s Welfare Department for Photography License
Photographers around the country have to Register with Photographer’s Welfare Department to cash on the benefits of Rs 1000- crore Budget.
E-Gov has been appointed as a Registrar of Unique Photographers Identification Authority of India (UPIDAI) to facilitate registration of Photographers on the basis of Aadhaar.
These services are offered through incubators empanelled with UPIDAI under section 210 (21).
(4) Rs 5000 monthly allowance to unemployed photographers
The Government cares about you!.
The PWF will provide a monthly allowance up to Rs 5000 to licensed unemployed photographers for a period of 6 months.
(5) 8 IIEP’S to be setup in 8 major cities of India.
In our discussion with senior officials of the Ministry, it was revealed that a major portion of 500 Cr fund will be allocated in setting up of 8 IIEP’S (Indian Institute of Excellence in Photography) to train young photography professionals.
These institutes will be offering 2 and 3-year photography course.
Admission to these institutes will be accepted through a written entrance test followed by an interview.
(6) Tax benefits up to Rs 10 Lac income
An amendment in Income tax Act 1961 will allow tax benefits to licensed photography professionals to avail tax-free income up to net Income of Rs 10 lacs for the next 3 financial years.
(This means no tax for photographers for the next 3 years)
Source : Photofie