Page 44 - NIS English Aug 1-15, 2024

Budget

2024-2025

Defence

Allocation of Rs 6.22 lakh crore to the Ministry of
Defence, Army will get more strength

The Central Government is continuously making efforts to build a strong, secure, self-reliant and inclusive
India. Under this initiative, a fresh effort was made in the last 10 years for 'self-reliance' in the defense
sector and modernization of the armed forces. The work of strengthening the infrastructure on the border
was done with unprecedented speed and enthusiasm. To give impetus to these initiatives, the Ministry of
Defense has been allocated Rs 6,21,940.85 crore (about 75 billion US dollars) in the Union Budget for the
financial year 2024-25, which is the highest from all ministries...…

n Border roads have been given a 30 percent increase in disbursing authorities.
allocation as compared to the previous budget under
n The budgetary allocation for Defence Research
the capital item. This allocation of Rs 6,500 crore to BRO
and Development Organisation (DRDO) has been
will further accelerate our border infrastructure.
increased from Rs 23,263.89 crore in FY 2023-24 to Rs
n To boost the startup ecosystem in defence industries, 23,855 crore in FY 2024-25. Out of this allocation, a
Rs 518 crore has been allocated for the IDEX scheme major chunk of Rs 13,208 crore has been allocated for
to fund technological solutions provided by startups, capital expenditure.
MSMEs and innovators.
n The Indian Coast Guard (ICG) has been allocated Rs
n The amount will be spent on monthly pension of about 7,651.80 crore for FY 2024-25, which is 6.31 per cent
32 lakh pensioners through Pension Administration higher than the allocation for FY 2023-24. Out of this, Rs
System (Defence) or ‘SPARSH’ and other pension 3,500 crore is to be spent only on capital expenditure.
6,21,940.85

Rs
crore has been allocated for the
Ministry of Defence which is the
highest budget allocation for any
ministry. This amount is 12.9 per
cent of the total budget of the
Government of India for 2024-25.

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42 New India Samachar August 1-15, 2024

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