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₹1L cr fund to boost pvt investment in research
The New Indian Express Tiruchy
|November 04, 2025
PRIME Minister Narendra Modi on Monday launched a ₹1 lakh crore Research, Development and Innovation Scheme for high-risk and high-impact projects, marking a significant shift in India's research sector.
He also announced providing 10,000 new Prime Minister's Research fellowships over five years and setting up 25,000 additional Atal Tinkering Labs, adding to the existing 10,000 labs. The move will benefit around one crore children across the country.
The announcements came during his address at the Emerging Science, Technology and Innovation Conclave (ES-TIC) 2025 at Bharat Mandapam in New Delhi.
He began his address by congratulating the Indian women's cricket team on their historic ICC Women's World Cup 2025 victory and lauding ISRO scientists for successfully launching India's heaviest communication satellite on Sunday.
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