Prime Minister Narendra Modi on Monday launched the ₹1 lakh crore Research, Development and Innovation (RDI) Scheme to strengthen India’s science and technology ecosystem and promote indigenous innovation. The initiative, first announced in Budget FY26, aims to fund high-risk, high-impact projects, especially in the private sector, marking a major step in India’s innovation-led growth journey.
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Prime Minister Narendra Modi on Monday launched the ₹1 lakh crore Research, Development and Innovation (RDI) Scheme to strengthen India’s science and technology ecosystem and promote indigenous innovation. The initiative, first announced in Budget FY26, aims to fund high-risk, high-impact projects, especially in the private sector, marking a major step in India’s innovation-led growth journey.
