Page 45 - NIS English Aug 1-15, 2024

1,05,518.43

Rs
crore provision for domestic capital
procurement will further promote self-reliance.

1,72,000 1,41,205 Modernisation of Armed Forces at the Centre

In real terms, the budgetary allocation to the Defence
Rs
Forces under the capital head for FY 2024-25 is Rs
crore capital crore is the total
1.72 lakh crore, which is 20.33 per cent higher than the
outlay will budgetary allocation for actual expenditure of FY 2022-23 and 9.40 per cent
enhance the defense pension, which higher than the revised allocation for FY 2023-24.
capabilities of the is 2.17 per cent higher The allocation is aimed at filling the large capability
armed forces. than the allocation gaps through major acquisitions in the current and
made during 2023-24. subsequent financial years. This increased budgetary
allocation will meet the annual cash expenditure
requirement on capital acquisitions aimed at
n The government is committed to providing the best
equipping the Armed Forces with cutting edge
healthcare facilities to ex-servicemen and their
technology, lethal weapons, fighter aircraft, ships,
dependents through increased allocation for Ex- submarines, platforms, unmanned aerial vehicles,
Servicemen Contributory Health Scheme (ECHS). drones, specialist vehicles, etc.
n In the regular budget for FY 2024-25, Rs 6,968 crore
has been allocated to ECHS, which is 28 per cent more
than the allocation of the previous year.
“Congratulations to Finance Minister
n The continued high allocation for operational Nirmala Sitharaman for presenting an
readiness boosts the morale of the armed forces, excellent and outstanding Full Year
whose sole objective is to keep them battle ready at Budget for FY 2024-25, which will help
all times. us move towards a prosperous and
self-reliant ‘Viksit Bharat’. Inspired by
n The government has allocated Rs 92,088 crore under
Prime Minister Narendra Modi's vision
this head during the current financial year, which is
of inclusive and rapid growth, this
48 per cent more than the budgetary allocation for FY
budget will accelerate India's economic
2022-23.
transformation. It will prove to be very
n The Ministry of Defense has set aside 75 per cent of
helpful in making India a 5 trillion dollar
the modernization budget i.e. Rs 1,05,518.43 crore for
economy by 2027
procurement through domestic industries during this
financial year. -Rajnath Singh, Defense Minister

New India Samachar August 1-15, 2024 43

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