Question
Which ministry's programme is the Technology Development
Fund scheme, which seeks to foster cutting-edge technology and self-reliance in the Indian defense industry?Solution
The Defence Research and Development Organisation (DRDO) sanctioned seven new private sector projects under the Technology Development Fund (TDF) scheme. Established to promote self-reliance in defence technology under the ‘Make in India’ initiative, the TDF is a Ministry of Defence program executed by DRDO. It supports MSMEs and startups, providing up to 90% funding for projects costing up to INR 50 crore, with a maximum development period of four years.
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