Archive · 2 Jul 2025
India Launches $12 Billion R&D Scheme for Tech Innovation
The Indian government is starting a big program to help companies create new technologies.
It will give them a lot of money, about $12 billion, as loans with low interest rates.
The money will be used for research and development in areas like green energy, artificial intelligence, and national security.
The plan is to help India develop its own technology instead of relying on other countries.
This will help India become more competitive and protect it from problems like cyberattacks.
The Union Cabinet approved a $12 billion R&D scheme to support innovation.
The scheme aims to boost research, development, and innovation in technology and electronics.
It will provide long-term, low-interest loans to companies in various sectors.
The Anusandhan National Research Foundation (ANRF) will manage the scheme.
The goal is to reduce reliance on foreign technology and promote indigenous development.
- Who
- The Union Cabinet
- What
- The Union Cabinet approved a $12 billion Research, Development, and Innovation (RDI) scheme.
- When
- Tuesday
- Where
- India
- Why
- To promote indigenous technology and reduce reliance on foreign tech.
- Scheme Name
- Research, Development and Innovation (RDI)
- Net Outlay
- $12 billion (₹1 trillion)
- Managing Body
- Anusandhan National Research Foundation (ANRF)
- Funding Type
- Long-term loans
- Eligible Sectors
- Green energy, biotechnology, AI, digital economy, deeptech, and strategic technologies
- Goal
- Promote indigenous technology and reduce reliance on foreign tech.
Sources
Cabinet nod for Rs one lakh crore scheme to spur private investments in R&D
Cabinet Approves Rs 1 Lakh Crore Scheme To Spur Private Investments In Research
Cabinet okays Research Development and Innovation scheme with Rs 1 Lakh crore corpus
