New Delhi: Prime Minister Narendra Modi’s announcement of setting up a Rs 1 lakh crore corpus as the ‘Research, Development, and Innovation (RDI)’ fund Monday aims to power India’s march to become a global leader in R&D.

ThePrint explains how this fund will be managed, disbursed, and advance India’s R&D ambitions.

“RDI scheme will be a game changer in the world of research and innovation,” PM Modi said at Monday’s Emerging Science Technology and Innovation Conclave (ESTIC) inaugural ceremony. Show Full Article

The PM said the corpus would have a “major impact on emerging and sunrise sectors”, while also boosting private-sector participation.

Objectives

Senior officials from the Department of Science & Technology (DST) told ThePrint that the primary objective of RDI fund would be to

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