Research Development and Innovation Scheme
On 1st July 2025, in a transformative step to bolster India’s research and innovation ecosystem, the Union Cabinet approved the Research Development and Innovation (RDI) Scheme.
Rationale for RDI
- Designed to overcome the constraints and challenges in funding of private sector.
- Seeks to provide growth & risk capital to sunrise and strategic sectors to facilitate innovation, promote adoption of technology and enhance competitiveness.
About the Scheme
It aims to boost private sector investment in basic and applied research to drive the development of innovative technologies and products.
- oScope: It promotes R&D in sunrise and strategic sectors by reducing risk and providing concessional ....
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