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DRDO Establishes Special Financial Fund Programme

Technology Development Fund (TDF) will build eco-system for enhancing cutting edge technology capability for defence manufacturing

DRDO Establishes

Fostering ‘Make in India’ further in the defense space, Defence Research and Development Organisation (DRDO)  with MoD (Ministry of Defence) has established a special financial fund programme named Technology Development Fund (TDF). It is a programme of MoD (Ministry of Defence) executed by DRDO meeting the requirements of Tri-Services, Defence Production and DRDO. The eligibility of this unique programme has been kept for public limited company, private limited company, partnership firms, limited liability partnership, one person company, sole proprietorship registered as per applicable.
Funding Support
I. The funding will be through provision of grants to industry.
II. The project cost up to INR 10 Cr be considered for funding subject to maximum of 90% of the total project cost in general.
III. Up to 100% funding may be considered on case to case basis
IV. Industry may work in collaboration with academia or research institutions
V. The work involvement of academia cannot exceed 40%of the total projects cost
VI. The funding is linked with Milestones
VII. Fund release : Either advance against the bank guarantee of the same amount as collateral
or reimbursement basis on completion of Milestone
VIII. Subsequent instalments will be released on successful completion of Milestone

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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