India Rolls Out Rs 1 Lakh Crore RDI Fund
At a round table during the India International Science Festival (IISF) in Panchkula on Dec. 6, Union Minister Dr Jitendra Singh urged industry and investors to back the government's Rs 1 lakh crore Research, Development and Innovation (RDI) Fund. The fund, launched by the Prime Minister in November, will channel long-term loans and equity through ANRF and selected fund managers to commercialize projects in AI, biotech, clean energy and semiconductors.
Key Points
- 1Launches Rs 1 lakh crore RDI Fund to finance near-commercial, high-impact projects across clean energy, AI, biotech, semiconductors
- 2Uses ANRF custodianship and selected fund managers to mobilize private capital and bridge lab-to-market gaps
- 3Offers long-term low-interest loans and equity, prompting industry to invest in scaling frontier technologies
Scoring Rationale
Official Rs 1 lakh crore national fund with broad sectoral reach and direct deployment channels; strong government backing justifies high impact.
Sources
Public references used for this report.
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