New fund for defence enterprises


Mains Paper 3: Economy | Mobilization of resources

From UPSC perspective, the following things are important:

Prelims level: Defence and Aerospace SME fund

Mains level: Make in India in defense sector


Defence and Aerospace SME fund

  1. The Indian government is planning to set up a new fund for small and medium defence enterprises
  2. It will be a dedicated Defence and Aerospace SME fund

Details of the fund

  1. The fund will be registered with SEBI and minority stake can be taken up by investors
  2. The fund will help channelize investments to the two defence corridors, in Uttar Pradesh and Tamil Nadu
Defence Sector – DPP, Missions, Schemes, Security Forces, etc.
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