Summary:

The Union Cabinet authorised a ₹1,00,000 crore (US$ 11.68 billion) RDI Scheme to support private-sector innovation in vital technology industries. It provides low- or no-interest long-term loans as well as equity help to close R&D investment gaps. The initiative will also support crucial technology acquisitions in AI, green tech, and deep tech, in line with the government's objective of positioning India as a worldwide innovation and research commercialisation leader.

The RDI system has two financing sources: a ₹1 lakh crore corpus administered by a Special Purpose Fund under ANRF, and allocations by fund managers to R&D companies via low-interest loans or equity, including a Deep-Tech Fund of Funds. DST's funding increased almost threefold from 2014, reaching ₹20,000 crore in FY25. This project intends to stimulate private innovation and research-driven economic growth.

Source: IBEF

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