On Tuesday, the trade union cabinet approved the diagram of the development and innovation (RDI) 1-LAKH CRORE, which aims to motivate the private sector to invest in basic research that would be reflected in innovative products and technologies.
Finance Minister Nirmala Sitharaman for the first time announced the creation of such a fund in his temporary budget speech of 2024.
The Horizon for the Fund was not set. However, the Ministry of Science and Technology, which is to be administratively responsible for the corpus, had another assignment of Crore of 20,000 GBP for the financial year 2025-26, officials said Hindu at the beginning of this year, for the RDI system.
A larger goal is to have India, such as advanced technology countries, has a private sector chip more than the government to finance basic research.
The RDI scheme will have a two -stage funding mechanism, the Ministry of Science said in a press release.
“At the first level, the ARF will be established a special purpose fund (SPF), which will act as a depository of funds. The SPF is assigned to the funds of a number of fund managers on the second level. This will be mainly in the form of long -term concession loans.
Anusandhan National Research Foundation (Angf) was conceived as an independent institutional body that the Ministry of Sciences under supervision assigned funds for basic research and motivated the participation of the private sector in the main research.
This program has been designed to overcome the restrictions and challenges in the financing of the private sector and seek to provide growth and risk capital for the sunrise and strategic sectors to facilitate innovation, support the acceptance of technology and increase competitiveness.
However, funds would only be provided for products that have reached a certain level of development and market potential.
“TRL -4 projects (Technological Readiness Level -4), which usually face the highest risk of financial support, would be considered,” said Ashwini Vaishnaw Minister of Information Technology on the Union press cabinet. He did not explain how many TRL levels existed.
The wide domains where investments would be supported are: energy security and transition and climate transition and measures; Deep Tech, including quantum computer, robotics and space; Artificial intelligence and its application to calls specific to India in agriculture, health and education; Biotechnology, biomanufacturing, synthetic biology, pharmaceutical and medical facilities; digital economy including digital agriculture; The technology needed for strategic reasons, economic security, self -confidence (Atmanirbhar) or public interest, Mr. Vaishnaw noted.
Published – 1 July 2025 9:02
