Union Finance Minister Nirmala Sitharaman on Tuesday offered a funds of over Rs 48 lakh crore for the monetary yr 2024-25 in Parliament. This time, the best quantity of Rs 6,21,940 crore has been allotted for the Ministry of Protection within the funds. Whereas final yr the protection funds was Rs 5.94 lakh crore. This allocation is 4.72 p.c greater than the monetary yr 2023-24. The full allocation for the protection sector is about 13 p.c of the entire funds of the Authorities of India for the monetary yr 2024-25. Within the interim funds 2024 offered in February earlier than the Lok Sabha elections, Rs 6.21 lakh crore was additionally allotted for the protection sector.

Protection Minister Rajnath Singh thanked Finance Minister Sitharaman for the ‘highest allocation’ to the protection sector within the funds. He wrote in a submit on Instagram, So far as allocation to the Ministry of Defence is worried, I thank the Finance Minister for giving the best allocation of Rs 6,21,940.85 crore, which is 12.9 per cent of the entire funds of the Authorities of India for FY 2024-25.