Budget 2024: Allocation for MeitY increased by 52% to Rs 21,936 crore

The budget estimate of 2024-25 for the Ministry of Electronics and Information Technology (MeitY), saw a 52% increase in its allocation to Rs 21,936.9 crore, compared to the revised estimate of 2023-24, at Rs 14,421.25 crore.

This increase can be attributed largely to MeitY’s capital allocation towards the – Modified Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India, which saw a whopping 355% increase to Rs 6,903 crore, compared to revised estimates of 2023-24, at Rs 1,503.36 crore.