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Defence Minister Rajnath Singh has approved the enhancement of funding under the Technology Development Fund (TDF) scheme to Rs ________ crore per project from Rs 10 crore.
The correct answer is 50. Defence Minister Rajnath Singh has approved the enhancement of funding under the Technology Development Fund (TDF) scheme to Rs 50 crore per project from Rs 10 crore. The TDF scheme supports the indigenous development of components, products, systems and technologies by MSMEs and start-ups. The scheme facilitates up to 90 percent of the total project cost. Important PointsThe enhanced funding is in line with the Union Budget announcement and it will give further boost the vision of Aatmanirbharta in Defence. In Union Budget 2022-23, 25 per cent of defence R&D budget was earmarked for private industry, start-ups and academia. With the enhanced funding, the industry and startups will be able to develop more complex technologies for existing and future weapon systems and platforms. Till date, 56 projects have been sanctioned under the TDF scheme.
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