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In February 2022, the government has approved the continuation of the Immigration Visa Foreigners Registration Tracking, IVFRT scheme for a period of how many years with a financial outlay of Rs 364 crore?

In February 2022, the government has approved the continuation of the Immigration Visa Foreigners Registration Tracking, IVFRT scheme for a period of how many years with a financial outlay of Rs 364 crore? Correct Answer 5

The correct answer is 5.

Key Points

  • The government has approved the continuation of the Immigration Visa Foreigners Registration Tracking, IVFRT scheme for a period of five years with a financial outlay of Rs 364 crore.
  • The scheme will be in effect from April 2021 to March 2026.
  • After the commencement of IVFRT, the number of Visa and Overseas Citizen of India's cards registered a growth at a Compounded Annual Growth Rate, CAGR of 7.7%.

Important Points

  • The number of issued cards increased from 44.43 lakh in 2014 to 64.59 lakh in 2019.
  • Average visa processing time of 15 to 30 days has been reduced to a maximum of 72 hours in the case of e-visas.
  • 95 percent of e-visas were issued within 24 hours.
  • International traffic to and from India grew from 3.71 crore to 7.5 crore during the last ten years at a CAGR of 7.2 percent.

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