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PM Modi launches Rs 1 lakh crore fund for private-sector R&D and innovation
November 04, 2025
|The Business Guardian
Prime Minister Narendra Modi on Monday launched the Rs 1 lakh crore Research Development and Innovation (RDI) Scheme Fund, which was initially announced in the interim Budget of 2024-25.
The corpus will provide long-term financing or refinancing with long tenors and low or nil interest rates, Finance Minister Nirmala Sitharaman had said, presenting the 2024-25 interim Budget on February 1, 2024. This fund, she had said, will encourage the private sector to scale up research and innovation significantly in sunrise domains.Today, PM Modi, while launching the research fund at the Emerg-ing Science, Technology and Innovation Conclave 2025, asserted that when science meets scale, when innovation becomes inclusive, when technology drives transformation, the foundation for great achievements is laid. The RDI scheme has a total outlay of Rs 1 lakh crore over 6 years, with Rs 20,000 crore allocate
هذه القصة من طبعة November 04, 2025 من The Business Guardian.
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