PARLIAMENT QUESTION: SCHEME TO INCENTIVISE R&D IN PRIVATE SECTOR

The Union Cabinet approved the Research, Development, and Innovation (RDI) Scheme on July 1st, with a ₹1 lakh crore outlay over six years.

This scheme aims to incentivize private sector R&D in strategic areas like deep technologies, energy, and climate action. It provides long-term loans and equity, managed by an ANRF-affiliated Special Purpose Fund and various second-level financial institutions.