MoPSW receives Rs 23.46 billion under Union Budget 2024-25

February 11, 2024

Under the interim union budget for financial year 2024-25, the Ministry of Ports, Shipping and Waterways (MoPSW) received an allocation of Rs 23.46 billion (budget estimate). The allocation is 5.72 per cent higher than the budget estimate of Rs 22.19 billion and 2.05 per cent lower than the revised estimate of Rs 23.95 billion for 2023-24. Of the total allocation, it has provided Rs 1 billion for assistance to ship-building, and research and development. The centre has provided a grant of Rs 10.87 billion to the Inland Waters Authority of India and Rs 700 million for the development of minor projects. Meanwhile, funds worth Rs 7 billion have been earmarked for the Sagarmala Programme.