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With reference to the Technology Development Fund (TDF) scheme, consider the following statements:
1. Union Defence Ministry has approved enhancement of funding under Technology Development Fund (TDF) scheme of Ministry of Defence to Rs 50 crore per project from Rs 10 crore.
2. The TDF scheme is executed by CSIR.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to the Technology Development Fund (TDF) scheme, consid...
Raksha Mantri Rajnath Singh has approved enhancement of funding under Technology Development Fund (TDF) scheme of Ministry of Defence to Rs 50 crore per project from Rs 10 crore.
- The TDF scheme, executed by Defence Research and Development Organisation (DRDO), supports indigenous development of components, products, systems and technologies by MSMEs and start-ups.
- The TDF Scheme aims to provide a major fillip to the defence manufacturing sector by encouraging the industry to innovate and develop defence technologies in order to place India on the self-reliance trajectory.
- The scheme facilitates up to 90 per cent of the total project cost and allows industry to work in consortium with another industry/academia. With the enhanced funding, the industry and startups will be able to develop more complex technologies for existing and future weapon systems and platforms.
- It may be recalled that 25 per cent of defence R&D budget was earmarked for private industry, start-ups and academia in Union Budget 2022-23. The enhanced funding is in line with the budget announcement.
Hence only statement 1 is correct.
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With reference to the Technology Development Fund (TDF) scheme, consid...
Explanation:
Statement 1:
- The first statement is correct. The Union Defence Ministry has indeed approved the enhancement of funding under the Technology Development Fund (TDF) scheme of the Ministry of Defence to Rs 50 crore per project from the earlier Rs 10 crore. This increase in funding aims to boost innovation and technology development in the defence sector.
Statement 2:
- The second statement is incorrect. The Technology Development Fund (TDF) scheme is not executed by CSIR (Council of Scientific and Industrial Research). It is a scheme specifically designed and implemented by the Ministry of Defence to promote self-reliance in defence technology and encourage private sector participation in defence research and development.
Therefore, the correct answer is option 'A' - 1 only. The first statement accurately reflects the recent enhancement in funding under the Technology Development Fund (TDF) scheme by the Union Defence Ministry.
Statement 1:
- The first statement is correct. The Union Defence Ministry has indeed approved the enhancement of funding under the Technology Development Fund (TDF) scheme of the Ministry of Defence to Rs 50 crore per project from the earlier Rs 10 crore. This increase in funding aims to boost innovation and technology development in the defence sector.
Statement 2:
- The second statement is incorrect. The Technology Development Fund (TDF) scheme is not executed by CSIR (Council of Scientific and Industrial Research). It is a scheme specifically designed and implemented by the Ministry of Defence to promote self-reliance in defence technology and encourage private sector participation in defence research and development.
Therefore, the correct answer is option 'A' - 1 only. The first statement accurately reflects the recent enhancement in funding under the Technology Development Fund (TDF) scheme by the Union Defence Ministry.
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With reference to the Technology Development Fund (TDF) scheme, consider the following statements:1. Union Defence Ministry has approved enhancement of funding under Technology Development Fund (TDF) scheme of Ministry of Defence to Rs 50 crore per project from Rs 10 crore.2. The TDF scheme is executed by CSIR.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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