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Defence Minister Rajnath Singh has approved increasing the funding to MSMEs and startups under the Technology Development Fund (TDF) scheme of the Ministry of Defence (MoD). What is the new upper limit as announced by the MoD?

A.
Rs.10 crore
B.
Rs. 50 crore
C.
Rs. 25 crore
D.
Rs. 30 crore

Solution:

The correct answer is Rs. 50 crore. Defence Minister Rajnath Singh authorized an increase in financing for MSMEs and startups under the Ministry of Defences Technology Development Fund (TDF) plan?. ??The scheme, which supports indigenous development of components, products, systems, and technologies, will now have an upper limit of Rs 50 crore per project from Rs 10 crore so far. It would be subject to a maximum of 90 percent of the total project cost. The increase in financing is in line with the budget announcement and will give further support the governments aim for self-reliance in the defence sector. The total MSME vendors supplying to the Defence Public Sector Units (DPSUs) were 10,506 till Q2 FY20, up from 8,643 in FY19, and 7,591 in FY18. The total count is 12,000 by December 2021. Additional InformationAtma NIrbhar Bharat (Self Reliant India). Launched in 2020, which included an Rs. 20 lakh crore economic stimulus package and a number of reform proposals. Of the Rs. 20 lakh crore. package, MSME, EPF, Gareeb Kalyan, RERA, Credit had been given 5,94,550, making the most beneficiary sectors under the scheme.

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