Correct Answer : Option (B) - Rs 50 Crore
Defence Minister Rajnath Singh has approved the enhancement of funding under the Technology Development Fund (TDF) scheme to Rs 50 crore per project from Rs 10 crore, according to an official statement by Defence Ministry.
The TDF scheme, executed by Defence Research and Development Organisation (DRDO), supports the indigenous development of components, products, systems and technologies by MSMEs and start-ups.
It may be recalled that 25 percent
of the Defence Research and Development budget was earmarked for private industry, start-ups and academia in Union Budget 2022-23
.Source : F T L