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Civil Aviation Ministry to get Rs 2,300 cr budgetary allocation for FY25

Friday, 02 Feb 2024
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The budgetary allocation for the Civil Aviation Ministry has been set at Rs 2,300 crore for the next financial year. According to the documents of the Interim Budget for 2024-25, the Ministry will receive an allocation of Rs 2,300 crore, including the revenue component of Rs 2,257.79 crore. Finance Minister Nirmala Sitharaman presented the interim Budget on 01 February, 2024.

Out of the total amount, Air India Asset Holding (AIAHL) will get Rs 1,158.79 crore in the next financial year, higher than Rs 713.92 crore allocated for 2023-24. AIAHL is a special purpose vehicle (SPV) formed by the government which holds various assets of Air India.

The budgetary allocation for the Directorate General of Civil Aviation (DGCA) will be Rs 302.64 crore, and for Bureau of Civil Aviation Security (BCAS), the amount is Rs 89 crore. 

Further, the allocation for production-linked incentive (PLI) scheme for drone and drone component has been increased to Rs 57 crore for 2024-25, from Rs 33 crore in the ongoing financial year.

 

 
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