Govt earned Rs 179 crore via FM Radio licences and permissions in 2022: MIB
MIB granted 388 licences and permissions in 2022
A recent report by the Ministry of Information and Broadcasting has revealed that the Information and Broadcasting sector earned a total revenue of Rs 179 crore by granting 388 licenses and permissions in 2022.
Previously in 2021, the number of permissions granted was 386, close to that of 2022. The revenue earned amounted to Rs 149 crore, making it an increase of 20 per cent.
According to the report, a sudden drop in revenue was observed from 2016 to 2017 and 2019 to 2020. In 2017, even though the number of licences increased to 324 from 276 in 2016, the revenue dropped by almost 50 per cent.
The year 2015 marked a landmark year for the I&B ministry since there was a jump of revenue amounting to Rs 2461 crore due to the auction of new FM stations and an increase in licence fee.
