The Department of Science & Technology (DST) has launched the Research, Development, and Innovation (RDI) Scheme, approved by the Union Cabinet on July 1, 2025. With a total outlay of ₹1 lakh crore, this transformative initiative aims to catalyze private sector participation in high-impact R&D.It aims to strengthen India’s capabilities in strategic technologies and promote technological self-reliance, aligning with the nation’s long-term innovation and Atmanirbhar Bharat vision. How the Scheme Works
Funding and Financial Support, Total Budget: ₹1 lakh crore, Modes of Financing:Long-term loan at low or nil interest rates. Equity infusion, especially in case of startups.Contributions to Deep-Tech Fund of Funds Exclusions: Grants and short-term loans are not supported.Coverage: Financing can cover up to 50% of assessed project cost for transformative RDI projects at Technology Readiness Levels (TRLs) 4 and above; exceptions may be approved by the Empowered Group of Secretaries (EGoS)
Implementation Structure, Special Purpose Fund (SPF): Being set up under the Anusandhan National Research Foundation (ANRF) to serve as the first-level custodian, Second-Level Fund Managers (SLFMs):, May include Alternate Investment Funds (AIFs), Development Finance Institutions (DFIs), Non-Banking Financial Companies (NBFCs), or Focused Research Organizations (FROs) such as the Technology Development Board (TDB), Biotechnology Industry Research Assistance Council (BIRAC), IIT Research Parks, or similar entities.
Special Financial Rules: The RDIF will be governed by a Special Financial Rules (SFR) notified by Department of Science and Technology (DST). The rules have been published on DST website and are enclosed with this document. The rules under SFR have been framed in accordance with the Implementation Guidelines to facilitate smooth transaction of RDIF. Note that the General Financial Rules (GFR) of Government of India are not applicable for RDIF transactions.
Download-https://rdifund.anrf.gov.in/images/pdf/NIA_Web_Copy.pdf
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