Technology Development Fund

India - Press Information Bureau

Ministry of Defence

Posted On: 13 DEC 2021 3:01PM by PIB Delhi

37 projects costing Rs191,19,28,932/- have been awarded to various industries specially MSMEs and start-ups under Technology Development Fund (TDF) scheme since its implementation. Total fund of Rs 28,51,45,680/- has been released to various Developing Agencies (DA) till date.

One product has been accepted by Indian Air Force and many other technologies are in advanced stages of acceptance by the Tri-Services & Users.

In 2021, Acceptance of Necessity (AoN) for 11 systems at a total cost of Rs 24,711 crore has been accorded for induction in the Services.

This information was given by Raksha Rajya Mantri Shri Ajay Bhatt in a written reply to Shri Naresh Bansal in Rajya Sabha today.

ABB/DK/Savvy

(Release ID: 1780868)