Current Affairs · Government Schemes
Consider the following statements regarding the Technology Development Fund (TDF) Scheme: Statement I: The Technology Development Fund (TDF) Scheme is implemented by the Defence Research and Development Organisation (DRDO) to promote indigenous development of defence technologies by Indian industry, especially MSMEs and startups. Statement II: Under the TDF Scheme, financial support is provided only for technologies that have potential defence applications and are aligned with the requirements of the Tri-Services and defence production agencies. Which one of the following is correct in respect of the above statements?
- 1Statement I is incorrect, but Statement II is correct.
- 2Statement I is correct, but Statement II is incorrect.
- 3Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
- 4Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.✓
Correct answer
Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
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