New Delhi, June 4: Defence Minister Rajnath Singh on Thursday released the Delegation of Financial Powers to Defence Services (DFPDS-2026)- Financial Powers for revenue-related procurement having an annual value of more than Rs 1.25 Lakh crore.
In a post on X, the Defence Minister wrote, "I congratulate MoD and the Armed Forces on getting enhanced Financial Powers for Revenue related Procurement having annual value of more than Rs 1.25 Lakh crore under the new delegation of financial powers (DFPDS-2026)."
Highlighting the strategic impact of the reforms, Singh said, “This is a major initiative that will further empower the field Commanders, leading to expeditious decision making, ultimately boosting the Operational Preparedness. The new document is aimed to promote research and development in the Defence Sector and will minimize the dependence on foreign OEMs.”
“This will go a long way in supporting indigenization in the defence sector, with participation of private players, including MSMEs and Startups. The financial power given for execution of works projects has been doubled to facilitate faster execution and to ensure its timely completion,” the wrote the Defence Minister.
Special financial powers delegated to Army/Air Force/Naval commanders have been increased significantly along with a 100% increase in the total ceiling provided to meet urgent operational requirements.
Financial Powers were last notified in 2021. The revision was necessitated due to the expansion in force level and to cater to the increased expenditure on operations and sustenance vis-a-vis the increase in budgetary allocation.
Chief of Defence Staff General NS Raja Subramani, Army Chief General Upendra Dwivedi, Chief of the Naval Staff Admiral Krishna Swaminathan, Defence Secretary Rajesh Kumar Singh, Secretary (Defence Production) Sanjeev Kumar, Secretary (Ex-servicemen Welfare) Smt Sukriti Likhi, Secretary (Defence Finance) Vishvajit Sahay, Vice Chief of the Air Staff Air Marshal Air Marshal Nagesh Kapoor, Controller General of Defence Accounts Anugraha Narayana Das and other senior officials were present on the occasion.
