PM Modi Announces ₹1 Lakh Cr RDI Scheme to Power India’s Tech Leadership in AI, Chips & Advanced Manufacturing
India takes a daring leap towards tech self-reliance as PM Modi unveils a ₹1 lakh crore fund to gas private-sector analysis and deep-tech breakthroughs.
PM Modi on the Emerging Science and Technology Innovation Conclave.
PM Narendra Modi launched ₹1 lakh crore Research, Development and Innovation (RDI) scheme whereas inaugurating the Emerging Science and Technology Innovation Conclave (ESTIC 2025) in New Delhi. The initiative goals to assist personal enterprises engaged on frontier applied sciences similar to AI, semiconductors, and superior manufacturing.
According to the central authorities, this fund will make India stronger in analysis and assist extra industries give attention to innovation. The six-year scheme carries a complete outlay of ₹1 lakh crore, with roughly ₹20,000 crore earmarked for the primary yr.
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Encouraging Long-Term Research & Reducing Tech Dependency
It goals to encourage personal corporations to make investments in long-term analysis and cut back India’s dependence on imported applied sciences. Notably, the federal government won’t supply short-term loans or direct grants below this scheme. Instead, it’ll present assist by means of low or zero-interest loans and investments in deep-tech tasks. The focus is on enabling companies to undertake high-risk, high-impact analysis with long-term outcomes.
PM Modi’s message
At the ESTIC 2025 occasion, PM Modi said, “This Rs 1 lakh crore is for you. It is to increase your capabilities. It is to open new opportunities for you. Our effort is to promote research and development in the private sector as well.”