India Launches ₹1 Lakh Crore RDI Fund to Boost Deep-Tech Innovations

The Government of India has initiated a ₹1 lakh crore Research, Development, and Innovation (RDI) Fund targeting deep-tech sectors, administered by the Department of Science & Technology under the Anusandhan National Research Foundation. This initiative aims to catalyze private investment in cutting-edge technologies and strengthen industry-academia collaborations in areas such as energy, artificial intelligence, and biotechnology. The scheme includes a two-tier funding structure to provide long-term, low-interest loans and equity to innovators, emphasizing industry participation and strategic technological advancements for India's Atmanirbharta mission.

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