Daily News Analysis » Telecom Technology Development Fund Scheme

Telecom Technology Development Fund Scheme

Recently, Universal Service Obligation Fund (USOF), launched Telecom Technology Development Fund (TTDF) Scheme.

Why in the News?

Recently, Universal Service Obligation Fund (USOF), launched Telecom Technology Development Fund (TTDF) Scheme.

  • USOF is a body under the Department of Telecommunications.

Key Points:

About

Telecom Technology Development Fund (TTDF)

  • Objectives:
    • To fund R&D in rural-specific communication technology applications.
    • To form synergies among academia, start-ups, research institutes, and the industry to build and develop the telecom ecosystem.
  • Under the scheme, USOF is targeting to create the ecosystem for research, design and prototyping.

Significance:

  • TTDF will promote technology ownership and indigenous manufacturing.
  • It will create a culture of technology co-innovation, reduce imports, boost export opportunities and creation of Intellectual Property.

What is USOF?

    • USOF  intends to offer financial assistance for the delivery of telecom services in rural and remote areas of the nation that are not commercially viable.
    • The administrator, who is chosen by the federal government, heads this attached office of the Department of Telecom.
  • Funding Pattern:
    • USOF is a non-lapsable Fund.
    • The Levy sum is credited to India’s Consolidated Fund.
    • After proper appropriation by the Parliament, the fund is made available to USOF.