iDEX to provide financial assistance to start-ups, MSMEs and innovators: Rajnath Singh

Dec 04, 2021

New Delhi, Dec 4 (ANI): Defence Minister Rajnath Singh addressed the MSME Conclave organised by Society of Indian Defence Manufacturers (SIDM) in Delhi. The Raksha Mantri said, “Defence Ministry has approved a central sector scheme for iDEX with a Rs 500 crore budget for the next 5 years from 2021-22 to 2025-26, which will provide financial aid to 300 start-ups /MSMEs/ individual innovators and 20 partner incubators through DIO.” Innovations for Defence Excellence (iDEX) acts as an umbrella organisation to provide platform for different stakeholders in the defence and aerospace sectors.