Cyber Security Budget 2020 in India

Cyber Security Budget 2020 in India

Analysis of budgetary allocations for Cybersecurity and related activities.

Government increased Digital India Program fund by 23% to Rs 3,958 crore.

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The Research & Development programme under the Ministry of Electronics & IT will get 75% higher fund in 2020-21 compared to Rs 435 Crore in the current fiscal.

The fund allocation for cyber security projects and promotion of IT & ITeS industries have been increased to Rs 170 Crore each from Rs 102 Crore and Rs 90 Crore respectively.

The government has increased allocation for National Knowledge Network to Rs 400 crore from Rs 274 crore in the current fiscal.

Finance minister Nirmala Sitharaman proposed to set up a National Forensic Science University to address the skill gap in cybersecurity space. It will significantly boost cybersecurity skills within the country and help towards developing a more mature cybersecurity ecosystem in India.

The minister proposed Rs 8,000 crore over five years for National Mission on Quantum Technologies and Applications.

Cyber attacks are no longer aimed just at businesses. Government agencies and infrastructure around the world including India are being targeted.

In addition to securing businesses operations and preventing disruptions, there is a strong impetus on protecting the vast amount of biometric data India is generating in the form of fingerprint and face.

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