Civil aviation ministry receives Rs 23.57 Bn in Budget 2024
AVIATION & AIRPORTS

Civil aviation ministry receives Rs 23.57 Bn in Budget 2024

According to documents from the Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman in Parliament on Tuesday, the budgetary allocation for the civil aviation ministry for the current fiscal year ending next March has been reduced to Rs 23.57 billion. This marks a decrease from the revised budgetary allocation of Rs 2,922.12 crore for 2023-24. The regional air connectivity scheme will receive Rs 5.02 billion during the same period, down from Rs 8.5 billion in the revised budget for 2023-24.

The allocation includes funding for the revival of 22 airports, the commencement of 124 RCS routes, and Viability Gap Funding for North East Connectivity. Additionally, a new scheme has been introduced to enhance air connectivity and aviation infrastructure in the northeast region.

Furthermore, the Production Linked Incentive (PLI) scheme for drones and drone components will see an increased allocation of Rs 0.57 billion for this fiscal year.

An allocation of Rs 0.57 billion has been earmarked in the budget for the Hotel Corporation of India Ltd to fulfill its statutory and other obligations under the ministry.

According to documents from the Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman in Parliament on Tuesday, the budgetary allocation for the civil aviation ministry for the current fiscal year ending next March has been reduced to Rs 23.57 billion. This marks a decrease from the revised budgetary allocation of Rs 2,922.12 crore for 2023-24. The regional air connectivity scheme will receive Rs 5.02 billion during the same period, down from Rs 8.5 billion in the revised budget for 2023-24. The allocation includes funding for the revival of 22 airports, the commencement of 124 RCS routes, and Viability Gap Funding for North East Connectivity. Additionally, a new scheme has been introduced to enhance air connectivity and aviation infrastructure in the northeast region. Furthermore, the Production Linked Incentive (PLI) scheme for drones and drone components will see an increased allocation of Rs 0.57 billion for this fiscal year. An allocation of Rs 0.57 billion has been earmarked in the budget for the Hotel Corporation of India Ltd to fulfill its statutory and other obligations under the ministry.

Next Story
Infrastructure Urban

Military Forum in Berlin Highlights VpCI® Tech for Combat-Ready Preservation

On June 25, 2025, the Embassy of the Republic of Croatia in Berlin hosted an exclusive Military Forum dedicated to "Combat-Ready Preservation of Military Assets with Patented VpCI® Technology." The event gathered experts from the global military industry to discuss the essential role of advanced corrosion protection in enhancing the operational readiness and longevity of military equipment.The forum spotlighted VpCI® technology, developed by Cortec® Corporation, a leading provider of environmentally responsible corrosion protection solutions. Cortec's experts, along with their international..

Next Story
Infrastructure Urban

Khalifa Fund’s 'Future Entrepreneur' Program to Empower Youth in Abu Dhabi

The Khalifa Fund for Enterprise Development (KFED) will launch the 'Future Entrepreneur' program on July 4, 2025, to develop entrepreneurship skills among youth aged 6 to 18. The program aims to cultivate innovation, impart financial management skills, and build a new generation of national entrepreneurs, all under expert guidance in a practical setting.The program is expected to engage 5,000 participants, developing 2,500 entrepreneurial projects and 1,000 small ventures through the ‘Future Entrepreneurs Permit’ initiative, which is part of the Abu Dhabi Registration Authority (ADRA) and ..

Next Story
Real Estate

IHCL Signs New Vivanta Hotel in Anjuna, Goa

Indian Hotels Company (IHCL), India’s largest hospitality company, has announced the signing of a new Vivanta hotel in Anjuna, Goa, strengthening its presence in one of the country’s top leisure destinations. The 110-key greenfield project is being developed in partnership with Fiesta Hotels Pvt Ltd, marking their second collaboration in the state. Strategically located in Anjuna, a coastal hub known for its vibrant beaches and bohemian charm, the hotel will feature an all-day diner, bar, swimming pool, gym, and modern conferencing facilities to cater to leisure and business traveller..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?