The Union Cabinet has approved the Research Development and Innovation (RDI) Scheme with a Rs 1 lakh crore outlay to boost private sector R&D in strategic and emerging areas. The scheme offers long-tenure, low-interest funding to support innovation, technology adoption, and competitiveness.

Governed by the Anusandhan National Research Foundation, the scheme will include a two-tier fund structure and support deep-tech startups, acquisition of critical technologies, and high TRL projects.