• Q Who all are eligible to apply for FM radio license?
    A
    Only Companies registered in India under the Companies Act, 1956 shall be eligible for bidding and obtaining permission for FM Radio channels as per the policy and guidelines of MIB.


    Q What is the auction format?
    A
    It will happen through an ascending e-auction process, on the lines followed by Department of Telecommunications in the auction of 3G.


    Q Can existing license holder bid at the auction?
    A
    Yes.


    Q What is the permission period under FM Phase-III Policy?
    A
    The Permission shall be valid for a period of fifteen (15) years from the date of operationalization of the Channel or the expiry of the time limit for operationalization.


    Q Do we have to pay any Earnest Money Deposit along with the application for pre-qualification?
    A
    Prospective bidders for a channel shall be required to deposit Earnest Money , along with the application for pre-qualification, in the form of a Bank Guarantee from a Scheduled Bank (as per the format specified by the Ministry) which shall be 25% of the reserve price of that city per channel.


    Q Any other fees needs to be paid along with the application?
     
    The applicant shall pay a non-refundable application processing fee of Rs. 25,000/- payable to Pay and Accounts, Ministry of Information and Broadcasting, New Delhi, through a demand draft.