Union Cabinet approves Research Development and Innovation Scheme

The Union Minister Ashwini Vaishnaw on Tuesday (July 1, 2025) said that the Union Cabinet has approved the Research Development and Innovation scheme for ₹1 lakh crore.

The key objectives of the scheme are: Encourage the private sector to scale up research, development, and innovation (RDI) in sunrise domains and in other sectors relevant for economic security, strategic purpose, and self-reliance; Finance transformative projects at higher levels of Technology Readiness Levels (TRL); Support acquisition of technologies which are critical or of high strategic importance; and Facilitate setting up of a Deep-Tech Fund of Funds.

The Governing Board of Anusandhan National Research Foundation (ANRF), chaired by the Prime Minister, will provide overarching strategic direction to the RDI Scheme.