deep-tech: Budget 2024: Centre to unveil scheme to strengthen deep-tech for defence sector: FM

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A new scheme will be launched to strengthen deep tech for the defence sector, Finance Minister Nirmala Sitharaman said on Thursday.
Presenting the interim Budget 2024-25, Finance Minister Nirmala Sitharaman also said the government will promote public and private investment in post-harvesting agriculture activities.

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Besides, FM also said that a corpus of Rs one lakh crore will be established with fifty-year interest free loan.

“The corpus will provide long-term financing or refinancing with long tenors and low or nil interest rates. This will encourage the private sector to scale up research and innovation significantly in sunrise domains. We need to have programmes that combine the powers of our youth and technology,” FM added.
She said the application of nano DAP on various crops will be expanded in agri-climatic zones. The finance minister said that three major railway corridors, including for cement, will be constructed, and 40,000 normal railway bogies will be converted to Vande Bharat standard.

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