A complete of 110 initiatives associated to 5G and 6G, amounting to Rs 304.70 crore, have been permitted beneath the Telecom Know-how Improvement Fund (TTDF) scheme until June 30, the Parliament was knowledgeable on Wednesday.
The TTDF Scheme was launched on October 1, 2022 to fund Analysis and Improvement (R&D) and innovation in telecom applied sciences, fostering collaboration between academia, start-ups, MSMEs, analysis institutes, and trade to boost the telecom ecosystem in India, Dr. Pemmasani Chandra Sekhar, Minister of State of Communications and Rural Improvement, stated in a written reply in Lok Sabha.
The length of the permitted R&D initiatives ranges from 1 to five years.These initiatives are at the moment within the preliminary phases of improvement. For 5G and 6G developments, the TTDF scheme is supporting numerous technological area funding involving authorities and personal establishments, MSMEs and start-ups, and so forth, the minister stated.
In the meantime, the Division of Telecommunications (DoT) has developed the Monetary Fraud Threat Indicator (FRI), which is a risk-based metric that classifies a cellular quantity to have been related to Medium, Excessive, or Very Excessive danger of monetary fraud, the minister knowledgeable the home.FRI empowers stakeholders-especially banks, Non-Banking Monetary Firms (NBFCs) and Unified Cost Interface (UPI) service suppliers, to prioritise enforcement and take extra buyer safety measures in case a cellular quantity has a excessive danger.
FRI is on the market by means of the Digital Intelligence Platform (DIP) to the stakeholders.RBI has issued separate advisories to banks and Cost Service Operators (PSO) for integration of FRI with their respective programs and to undertake needed real-time response protocols (like alerts, transaction delays, warnings, transaction decline, and so forth), the minister acknowledged.
In accordance with the reply, primarily based on the Motion Taken Experiences (ATRs) submitted on DIP, 34 banks, monetary establishments, and UPI service suppliers have frozen 10.02 lakh financial institution accounts, cost wallets, and positioned debit and credit score restrictions on 3.05 lakh financial institution accounts, cost wallets.The Digital Intelligence Unit (DIU) challenge of DoT has numerous constituents for curbing the misuse of telecom assets for cybercrime and monetary fraud, the Minister highlighted.
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