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16 May 2026


PM Modi launches Rs 1 lakh Cr RDI Scheme Fund

A key step toward ‘Viksit Bharat 2047,’ the fund seeks to bridge academia, industry, and startups through collaborative innovation

With an aim to boost private sector investment in research and development, Prime Minister Narendra Modi launched the Research, Development and Innovation (RDI) Fund at the first-ever Emerging Science Technology and Innovation Conclave in New Delhi on Monday. The fund will operate through a two-tiered structure and drive innovation and support India’s Viksit Bharat 2047 vision.