Defence Minister Rajnath Singh authorized an increase in financing for MSMEs and startups under the Ministry of Defence’s Technology Development Fund (TDF) plan. The initiative, which encourages the development of indigenous components, products, systems, and technologies, will now have a maximum project value of Rs 50 crore, up from Rs 10 crore previously. The increased funding is in accordance with the budget announcement and will help the government achieve its goal of self-reliance in the defence sector, according to the defence ministry.
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