Cabinet today approved enhanced delegation of Financial Powers under Capital Procurement to levels below Vice-Chief of Armed Forces. Defence Ministry said that as per the approval, under Other Capital Procurement Procedure of Defence Acquisition Procedure-2020, financial powers up to Rs 100 crore has been delegated to General Officer Commanding-in-Chief, Flag Officer Commanding-in-Chief, Air Officer Commanding-in-Chief at Services Command and Regional Commanders, Indian Coast Guard.<br />''<br />''Powers up to Rs 200 crore has been delegated to Deputy Chief of Army Staff, Chief of Material, Air Officer Maintenance, Deputy Chief Integrated Defence Staff and Additional Director General Indian Coast Guard.<br />'' <br />''This delegation of powers within Service Headquarters and up to Command Level for items of Capital nature such as overhauls, refits, and upgrades will enhance the utility of existing assets and will facilitate faster processing and implementation of projects for modernization of Armed Forces to meet the security challenges of the nation.<br />'' <br />''<span style="color: #222222;">Cabinet has also approved enhanced financial powers in the Make-I category under which Government funding up to 70 per cent of the prototype development cost is available for Design & Development of equipment, systems, major platforms or upgrades.  Financial powers have also been enhanced for other competent financial authorities under 'Make-I' in line with Government's vision of 'Atmanirbhar Bharat' and 'Make in India' for a robust defence industrial ecosystem.</span><br />