Raksha Rajya Mantri Shri Ajay Bhatt has informed that Details of allocation made to the Armed Forces under Capital Acquisition (Modernisation) Head of Defence Services Estimates for the Financial Year 2021-22 and 2022-23 are as under:
(Rs in Crore)
| Year | BE Allocation |
| 2021-22 | 1,11,463.21 |
| 2022-23 | 1,24,408.64* |
* Figures are yet to be approved by the Parliament
The allocated funds cater to the Committed Liabilities and New Schemes of the Armed Forces under Capital Acquisition (Modernisation) head. These funds are optimally utilized towards operational activities and if required, the schemes are reprioritized to ensure that urgent and critical capabilities are acquired without any compromise to operational preparedness of Defence Services.
Allocation made under Modernisation Head to the Armed Forces form a part of the Capital Budget of the Defence Services. The following proposals are being planned under the Strategic Partnership Model:
| Sl No | Scheme |
| 1. | Naval Utility Helicopter (NHU) |
| 2. | Project 75(I) Submarines |