India Launches Concessional Financing For Deep-Tech
The Ministry of Science and Technology launched the Technology Development Board's first Open Call on 4 February under the Rs 1 lakh crore Research, Development and Innovation (RDI) fund, offering concessional loans at 2–4% interest and tenures up to 15 years. The programme provides loans, equity or hybrid financing covering up to 50% of project costs for TRL4+ projects, prioritizing energy, AI, quantum, robotics and space. Firms must be India-headquartered with majority domestic ownership and IP registered locally.
Key Points
- 1Launches long-term concessional financing under TDB offering 2–4% interest, up to 15-year tenures.
- 2Expands private commercialization into space, nuclear, AI and quantum, breaking traditional public-sector dominance.
- 3Enables TRL4+ firms to access loans, equity, hybrid funding, up to 50% project support.
Scoring Rationale
Major, official national RDI funding launch enabling private commercialization; high impact for Indian deep-tech, limited to domestic scope.
Sources
Public references used for this report.
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