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16,361 crore is allotted to the Ministry of Science and Technology in the Union Budget 2023–24.

16,361 crore is allotted to the Ministry of Science and Technology in the Union Budget 2023–24.

The Ministry of Science & Technology has received an allocation of ₹16,361.42 crore in the Union Budget 2023-24. This is a nominal increase of 15% from the previous budget. Department of Science and Technology (DST) received the bulk of the hike, with ₹ 7,931.05 crore. The Ministry of Science and Technology had an important role during the COVID-19 pandemic, especially supporting research and innovation on vaccines, medical devices, and drugs. The National Research Foundation is a government-announced entity with an outlay of ₹50,000 crore over five years.

Summary:

  • The Ministry of Science & Technology has received an allocation of ₹16,361.42 crore in the Union Budget 2023-24, a nominal increase of 15% from the previous budget.
  • The Department of Science and Technology (DST) has received the bulk of the hike, with ₹7,931.05 crore, a 32.1% increase from last year.
  • The Department of Biotechnology received ₹2,683.86 crore and the Department of Scientific and Industrial Research received ₹5,746.51 crore.
  • The Ministry of Earth Sciences received ₹3,319.88 crore, a 25.11% hike.

The Union Budget 2023-24 presented by Union Finance Minister Nirmala Sitharaman in the Rajya Sabha has allocated ₹16,361 crore to the Ministry of Science & Technology. The allocation is a nominal increase of 15% from the previous budget. The Department of Science and Technology (DST) received the bulk of the hike, with ₹7,931.05 crore, a 32.1% increase from last year. The increase is largely due to a ₹2,000 crore allocation to the National Research Foundation. The Department of Biotechnology received ₹2,683.86 crore, a nominal hike of 3.9%, and the Department of Scientific and Industrial Research received ₹5,746.51 crore (1.9%). The Biotechnology Industry Research Assistance Council received a 40% cut.

Q1: What was the allocation for Ministry of Science and Technology in the 2023 Union Budget?

A1: The Ministry of Science & Technology has received an allocation of ₹16,361.42 crore in the 2023 Union Budget.

Q2: What was the role of the Ministry of Science and Technology during the COVID-19 pandemic?

A2: The Ministry of Science & Technology had an important role during the COVID-19 pandemic, especially supporting research and innovation on vaccines, medical devices, and drugs.

Q3: What is the National Research Foundation?

A3: The National Research Foundation is a government-announced entity with an outlay of ₹50,000 crore over five years to strengthen the governance structure of the research-related institutions and improve linkages between R&D, academia, and industry.

Q4: How much was the allocation for the Department of Science and Technology (DST) in the 2023 Union Budget?

A4: The Department of Science and Technology (DST) received ₹7,931.05 crore, a 32.1% increase from last year.

Q5: What was the allocation for the Department of Biotechnology (DBT) in the 2023 Union Budget?

A5: The Department of Biotechnology (DBT) received ₹2,683.86 crore, a nominal hike of 3.9%.

Q6: What happened to the Biotechnology Industry Research Assistance Council (BIRAC) funding in the 2023 Union Budget?

A6: The Biotechnology Industry Research Assistance Council (BIRAC) under the DBT received a 40% cut in funding.

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