<p>Defence Minister Rajnath Singh has approved enhancement of funding under a DRDO scheme supporting indigenous development of defence equipment to Rs 50 crore per project from existing Rs 10 crore.</p>.<p>The Technology Development Fund scheme of the Defence Research and Development Organisation (DRDO) supports indigenous development of components, products, systems and technologies by MSMEs and start-ups.</p>.<p>"Singh has approved enhancement of funding under Technology Development Fund (TDF) scheme of the Ministry of Defence to Rs 50 crore per project from Rs 10 crore," the ministry said.</p>.<p>In the Union Budget for 2022-23, the government had set aside 25 per cent of the defence R&D budget for private industry, start-ups and academia.</p>.<p>"The enhanced funding is in line with the budget announcement and it will give further boost the vision of 'Aatmanirbharta in defence'," the ministry said in a statement.</p>.<p>It said the TDF scheme aims to provide a major fillip to the defence manufacturing sector by encouraging the industry to innovate and develop defence technologies.</p>.<p>"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 said.</p>.<p>Till date, 56 projects have been sanctioned under the TDF scheme.</p>
<p>Defence Minister Rajnath Singh has approved enhancement of funding under a DRDO scheme supporting indigenous development of defence equipment to Rs 50 crore per project from existing Rs 10 crore.</p>.<p>The Technology Development Fund scheme of the Defence Research and Development Organisation (DRDO) supports indigenous development of components, products, systems and technologies by MSMEs and start-ups.</p>.<p>"Singh has approved enhancement of funding under Technology Development Fund (TDF) scheme of the Ministry of Defence to Rs 50 crore per project from Rs 10 crore," the ministry said.</p>.<p>In the Union Budget for 2022-23, the government had set aside 25 per cent of the defence R&D budget for private industry, start-ups and academia.</p>.<p>"The enhanced funding is in line with the budget announcement and it will give further boost the vision of 'Aatmanirbharta in defence'," the ministry said in a statement.</p>.<p>It said the TDF scheme aims to provide a major fillip to the defence manufacturing sector by encouraging the industry to innovate and develop defence technologies.</p>.<p>"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 said.</p>.<p>Till date, 56 projects have been sanctioned under the TDF scheme.</p>