Scheme has been cleared by the Cabinet. The scheme allocates ₹1 trillion (or $12 billion) to funding R&D in Indian industry.

The Union Cabinet has approved the Research Development and Innovation (RDI) Scheme announced in the July Budget last year, with a corpus of Rs 1-lakh crore to provide risk capital ...

As India aspires to become a developed nation by 2047, investments like these are essential to create the knowledge economy ...

The Union Cabinet approved the Research Development and Innovation Scheme with Rs 1 lakh crore corpus; The scheme aims to boost private sector investment in research, development, and innovation ...