Government Invests In Technology

Posted On - 27 February, 2024 • By - King Stubb & Kasiva

– FEBRUARY 01, 2024

  1. GOI has set up a corpus of INR 1 Lakh Crore to promote innovation and entrepreneurship in the technological sector by Indian youth (‘Corpus’). The Corpus will provide long-term finance or re-finance with long tenures of up to 50 years and 0% interest. This will help scale private sector investment and participation in future technologies and other critical technologies essential for India’s growth.
  2. MeitY is endowed with a budget of INR 21,000 Crores which will go to create increased capacity in the Digital India Scheme, enhance cybersecurity systems and improve telecommunication systems.