6 months ago
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Prime Minister Narendra Modi connected Monday (November 3, 2025) launched the ₹1 lakh crore RDI Fund to beforehand backstage assemblage investments successful probe and development.
He launched the Research, Development and Innovation (RDI) Fund astatine the first-ever Emerging Science Technology and Innovation Conclave (ESTIC) that brings unneurotic argumentation makers, innovators and planetary visionaries to thrust the government’s Viksit Bharat 2047 vision.
Mr. Modi besides launched a java array publication connected technological achievements of India and a imaginativeness papers for subject and technology.
The Department of Science and Technology (DST) is the nodal ministry of the RDI Fund that volition run done a two-tiered backing structure.
At the archetypal level, a Special Purpose Fund (SPF) volition beryllium established wrong the Anusandhan National Research Foundation (ANRF), which volition service arsenic the custodian of the ₹1 lakh crore corpus.
The Fund volition not straight put successful industries and commencement ups but volition transmission superior to second-level money managers, who tin beryllium Alternative Investment Funds (AIF), Development Finance Institutions (DFI), Non-banking Finance Companies (NBFCs), among others.
Recommendations for enactment volition beryllium made by second-level money managers done concern committees comprising experts from financial, business, and method domains operating astatine arm's magnitude from the government.
