Recently, the Ministry of Information and Broadcasting (I&B) notified the transfer of the mandate for the production of documentaries and short films, organisation of film festivals, and preservation of films to the National Film Development Corporation (NFDC) Ltd., a PSU working under the ministry.
The government has made a budgetary allocation of Rs 1,304.52 crore up to 2026 for all these activities under NFDC. The revenues generated by these activities, such as producing documentaries, which was hitherto not for profit, will also accrue to NFDC.
Role of film media bodies –
What has been done now?
NFDC, the PSU was declared a loss-making asset by NITI Aayog in 2018, and its closure was proposed in the Parliament. With the other bodies now being merged with NFDC, it is now the “umbrella organisation”.