RDI scheme: Government aims to ‘jumpstart India’s R&D ecosystem’; offer low-interest funding for startups

India’s new Research Development and Innovation (RDI) scheme, backed by a Rs 1 lakh crore corpus, aims to boost private sector R&D and deep-tech startups. It offers long-term, affordable financing for high-impact innovation, managed via a Special Purpose Fund under the ANRF. The initiative seeks to elevate India’s R&D spending and foster self-reliance.