Comprehension Passage

Direction: Read the following passage and answer the questions given after it.

In a significant move to boost self-reliance in defence manufacturing, the government on Monday approved the procurement of military equipment and platforms worth Rs 76,390 crore from domestic industries to enhance India's overall combat capabilities. The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, cleared the procurement of next-generation corvettes (NGCs), the manufacture of Dornier aircraft and Su-30 MKI aero-engines, wheeled armoured fighting vehicles and weapon-locating radars among others, according to the defence ministry.

For the Indian Navy, the DAC accorded approval for the procurement of NGCs at an estimated cost of around Rs 36,000 crore, the ministry said. The NGCs will be versatile platforms for a variety of roles namely surveillance missions, escort operations, deterrence, Surface Action Group (SAG) operations, search and attack and coastal defence. The ministry said the NGCs would contribute to further India's SAGAR (Security and Growth for all in the Region) initiative.

What is the estimated amount for the approval for the procurement of NGCs?

1
Rs 77,000 crore
2
Rs 36,000 crore
3
Rs 76,390 crores
4
Rs 76,000 crore

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