Raksha Mantri Rajnath Singh launched Defence India Startup Challenge (DISC) 5.0 under Innovations for Defence Excellence – Defence Innovation Organisation (iDEX-DIO) initiative, on August 19, 2021, in New Delhi. The Ministry of Defence has earmarked Rs 1,000 crore for domestic procurement through the iDEX initiative for the financial year 2021-2022. The Department of Defence Production, Ministry of Defence has approved budgetary support of Rs. 498.80 crore for iDEX for the next 5 years from 2021-22 to 2025-26.
About the DISC:
DISC is a platform wherein the Government, Services, think tanks, industry, startups and innovators can work together to help the defence & aerospace sectors reach full potential by creating a strong, modern & well-equipped military and equally capable & self-reliant defence industry.