Cabinet Approves INR 1 Lakh Cr R&D Fund

The Centre said that the scheme will provide long-term financing, or refinancing, with long tenors at low or nil interest rates to spur private sector investment in RDI space

The fund will encourage the private sector to shore up R&D in sunrise domains and facilitate setting up of a deeptech FoF

The ANRF’s executive council will approve the scheme’s guidelines, recommend second-level fund managers, and underscore the scope and type of projects to be backed

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