Technology Development Fund (TDF) Scheme Of Ministry Of Defence:
Raksha Mantri Rajnath Singh has approved enhancement of funding under Technology Development Fund (TDF) scheme of Ministry of Defence to Rs 50 crore per project from Rs 10 crore.
- The TDF scheme, executed by Defence Research and Development Organisation (DRDO), supports indigenous development of components, products, systems and technologies by MSMEs and start-ups.
- The TDF Scheme aims to provide a major fillip to the defence manufacturing sector by encouraging the industry to innovate and develop defence technologies in order to place India on the self-reliance trajectory.
- The scheme facilitates up to 90 per cent of the total project cost and allows industry to work in consortium with another industry/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.
- It may be recalled that 25 per cent of defence R&D budget was earmarked for private industry, start-ups and academia in Union Budget 2022-23. The enhanced funding is in line with the budget announcement.