India, Feb. 4 -- The Government of India has issued a release:
The Union Cabinet has approved the Research, Development and Innovation (RDI) Scheme on 01 July 2025 to promote enhanced participation of the private sector in research and development. The Scheme envisages a corpus of Rs.1 lakh crore over a period of six years. Financial support under the Scheme will be provided primarily through long-tenor, low interest financing which is expected to be unsecured. Equity financing will also be considered specially for startups. The scheme will also contribute to Deep Tech Funds of Fund. The scheme will facilitate long-term investments in high-risk and high-impact R&D.
An allocation of Rs.20,000 crore has been made in the Union Budget for FY ...