Non-lapsable Modernisation Fund for Defence and Internal Security (MFDIS)
- The 15th Finance Commission has recommended the constitution of a dedicated non-lapsable Modernisation Fund for Defence and Internal Security (MFDIS) to bridge the gap between projected budgetary requirements and the allocation for defence and internal security.
- The indicative size of the MFDIS for 2021 to 2026 is Rs. 2,38,354 crore and the maximum recommended is Rs. 51,000 crore a year.
- However, the unutilised amount from the normal budgetary allocations to the Defence Ministry and the Home Ministry for capital expenditure shall not be part of the ....
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