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Technology Development Programme is introduced to promote the technology development in the different fields such as defence, manufacturing, agriculture etc. The purpose of this programme is the production of sustainable and better quality goods in the country. The programme helps enhance the technology related to the production and manufacturing sectors. Application of research and development to take the social and economic advantage in production units is the primary focused area under this programme.
To achieve the goals of the Technology Development Programme, Technology Development Fund (TDF) is introduced by the Ministry of Defence of the nation. Upgradation of technology in defence and other sectors is done by TDF. The development of the COVID-19 vaccine is one of the biggest achievements of the technology development programme in India.
Technology Development Programme
The Indian Government constructed the Technology Development Board (TDB) in order to boost the development of technology in the country. The board was first introduced in September 1996 in the Act of Technology Development Board, 1995. TDB is authorised to implement the technology development programme in different fields of production. The aim of the Board is to encourage innovations in Indian industries. Following are the objective of the technology development programme:
The main goal of the technology development programme is to create and develop advanced technologies.
Modernisation of the conventional technologies in the sectors like manufacturing and production to increase the production of goods.
To promote the research and development (R&D) activities in order to develop the advanced and cost-effective technologies within the nation.
Encourage innovative ideas for technology development.
To conduct required activities in several technology-related places, such as universities, technological institutes, industries, etc., to identify and support the new and advanced ideas related to technology development.
Technology Development Fund Scheme
Technology Development Fund (TDF) Scheme is the programme which is launched by the Ministry of Defence under the Make In India initiative of the Government of India. The TDF scheme focuses on supplying a huge stimulus to the manufacturing of defence equipment. The scheme of the Technology Development Fund is carried out by the R&D institute of India, Defence Research and Development Institute (DRDO). An enterprise gets the chance to export and sell its items to the subcontractor to primes. The firms registered in this scheme are eligible to directly sell its item to the Government by Indigenously Designed Developed and Manufactured (IDDM).
Eligibility for Technology Development Fund Scheme
The new startups and all the existing micro, small and medium enterprises which are registered in India.
Private companies which are working in development or production sectors such as partnership and private firms, limited liabilities partnership (LLP) etc.
The owner of the enterprise or startups who wants to avail of the benefits of the scheme has to be a citizen of India.
The value of a foreign investment in the enterprises and firms has to be less than 50% to be eligible for the TDF scheme.
The blueprint which has a cost up to Rs 10 Cr. is entitled to provide the fund. This funding support in TDF scheme can be up to 90% of the total value of the blueprint.
Technology Development in India
The development of science and technology in India after independence had a great impact on social and economic growth of the country. India stood at the 3rd rank in the highly attractive investment for technology modulation among the countries of the world. The programmes run under the technology development by the Technology Development Board made India as the topmost country in the sector of scientific research and stood it in the top five countries of space exploration. The INSPIRE scheme is one of the prime examples of such schemes which is developed by the science and technology department for encouraging the research and development in Indian industries.
In the financial year of 2021-22, the ministry of science and technology allotted Rs. 14,794 Cr. for the development schemes related to science and technology. The Union Government reserved 64% of the refurbishment budget for the Indian industries under the technology. Missiles, which are the strength of Indian defence, such as VERSAM, Trishul, Prithvi, Akash are made in India with the support of DRDO. The development of malaria and COVID-19 vaccines represent the significance of technology development in the Indian health care system.
Conclusion
For the social and economic development of a country, the development in technology keeps a most important role. India is a country where the development in technology is seen on a regular basis, which makes it one of the most growing countries of the world.
The development of every sector in India is the result of the technology development programme run by the Government of India. Make in India, Inspire scheme, Aspire schemes are examples of such programmes. Technology development fund (TDF) scheme is to boost the research and development of the Indian production sector especially in the field of defence.
