Tasked with setting up India’s space station, the Department of Space has received a hike of nearly ? 2,000 crore in the interim Budget 2024-25 as against 2023-24. The Department of Space has been allocated ? 13,042.75 crore in the interim Budget presented by Union Finance Minister Nirmala Sitharaman on Thursday. According to the revised estimates for 2023-24, the allocation for the department was ? 11,070.07 crore.

There has been a significant increase in allocation for space technology from ? 8,180 crore in 2023-24 to ? 10,087 crore in 2024-25.

On the other hand, the Budget estimates for the Department of Atomic Energy for 2024-25 stand at ? 24,968.98 crore – net of recoveries – down from ? 25,078.49 crore in 2023-24.

Prime Minister Narendra Modi has set a target for the Department of Space to build a ‘Bharat Antariksh Station’ by 2035 and land an Indian astronaut on the moon by 2040.

The Department of Atomic Energy has been allocated ? 36,159.93 crore in the interim Budget, a slight decrease from ? 36,905.45 crore in 2023-24.

Of the total allotment of ? 36,159.93 crore, the Department of Atomic Energy has been allocated ? 15,908.79 crore for capital expenditure which will be spent on power projects, atomic energy agencies and research. A sizeable portion of the allocation for capital expenditure will be spent on repaying loans for power projects.

The government has approved building 10 indigenously developed nuclear power plants of 700 MW each in fleet mode across the country.