Defence And SecurityGS3-Security
iDEX Scheme Expansion and Fund Requirements
The Defence Ministry seeks additional funds to expand the Innovations for Defence Excellence (iDEX) scheme.
October 14, 2024
Key Points
- 1The Defence Ministry is seeking additional funds for the iDEX scheme.
- 2The Department of Defence Production has exhausted around 90% of the allocated funds.
- 3The iDEX scheme supports startups and MSMEs in defense and aerospace technologies.
- 4Procurement of 37 products developed under iDEX worth Rs 2,370 crore have been approved.
- 5Additional funds of Rs 497.15 crore are required for further contracts with iDEX winners.
- 6The ADITI scheme, under the iDEX framework, offers grants of up to Rs 25 crore.
Important Terms
iDEXDefenceStartupsADITIDefence Production
UPSC Current Affairs
Last Updated: 7/16/2025