- Rs 1 lakh crore fund under Research Development and Innovation Scheme supports startups in key sunrise sectors.
- Focus on advanced technologies like quantum computing, AI, and robotics to boost innovation and domestic manufacturing.
- Governed by Anusandhan National Research Foundation with long-term, interest-free financing and fund management by specialized agencies.
Research Development and Innovation (RDI) Scheme, launched with a fund of Rs 1 lakh crore, aims to provide strong funding for startups and private firms working in sunrise sectors. This scheme focuses on improving India
domestic manufacturing by supporting breakthrough technologies like quantum computing, robotics, and artificial intelligence. If you
re a startup or business interested in innovation and growth in these fields, this scheme offers you long-term financial help including low or zero interest loans and equity financing.
Funding Opportunities under RDI Scheme for Startups and Private Firms
This large scheme provides Rs 1 lakh crore to help startups and private firms involved in high-tech sunrise sectors. It aims to remove funding problems during research, development, and innovation by offering financial resources well.
Key Technologies and Sunrise Sectors Targeted by the Scheme
The RDI Scheme focuses on advanced technology sectors with high potential for changing industries and boosting domestic manufacturing. These include:
- Quantum Computing: paving the way for powerful computing abilities.
- Robotics : Improving automation and precision in manufacturing.
- Artificial Intelligence (AI): driving smarter solutions across sectors.
By supporting these sunrise sectors, the scheme hopes to make India a global leader in next-generation technology development and production.
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Long-term Financing and Equity Support Explained
The scheme offers very good financial terms to encourage startups and firms to innovate freely:
Interest-free or Low Interest Loans
Startups can get long-term loans up to 50 years at low or zero interest rates, easing financial pressure during early growth.
Equity Financing Options
Equity investment support is also offered, allowing startups to get funding without the immediate need to repay debt.
Governance Framework and Decision-making Bodies of RDI
A strong governance and management structure makes sure the funds under the RDI scheme are used efficiently.
Role of Anusandhan National Research Foundation (ANRF)
ANRF leads the governance framework. With its Governing Board chaired by the Prime Minister, it provides strategic direction for the scheme. The Executive Council of ANRF approves the scheme
guidelines, recommends second-level fund managers, and defines project scopes within sunrise sectors.
Structure and Functions of Second-level Fund Managers
Second-level fund managers play a crucial role in selecting and funding innovation projects. These include:
- Alternate Investment Funds (AIFs)
- Non-Banking Financial Companies (NBFCs)
- Focused Research Organisations
The investment committees in these fund managers include experts from private sector, academia, technology, and finance who independently decide on promising proposals.
Implementation and Capital Recycling by Department of Science and Technology
The Department of Science and Technology (DST) is the main agency for smooth implementation of the RDI Scheme. DST will prepare detailed guidelines to make sure there is clarity and active capital recycling, which helps keep funding available for new and ongoing R&D projects.
| Feature | Details |
|---|---|
| Total Corpus | Rs 1 Lakh Crore |
| Initial Budget Allocation | Rs 20,000 Crore (FY 2025-26) |
| Loan Tenure | Up to 50 years, interest-free |
| Nodal Implementing Department | Department of Science and Technology |
| Governance Body | Anusandhan National Research Foundation (ANRF) |
| Official Website | https://dst.gov.in |
If you are a startup founder or innovator working in these advanced areas, the Research Development and Innovation Scheme could be a game changer for you. Keep an eye on official guidelines and announcements from the Department of Science and Technology to make the most of this opportunity.