<ul data-eligibleForWebStory="true"><li>The Union cabinet has approved the Research Development and Innovation (RDI) scheme with a corpus of INR 1 Lakh Cr to boost research and development in various sectors.</li><li>The RDI scheme aims to provide long-term financing at low or nil interest rates to encourage private sector investment in R&D space.</li><li>Key objectives of the scheme include supporting R&D in sunrise domains, technology acquisition, and setting up a deeptech Fund of Funds (FoF).</li><li>The fund will operate under the Anusandhan National Research Foundation (ANRF) and will focus on fostering a self-reliant and competitive innovation ecosystem in India.</li></ul>

Boost For Deeptech Sector: Cabinet Approves INR 1 Lakh Cr R&D Fund

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