🚀 Big Push for Innovation in India: ₹1 Lakh Crore R&D Incentive Scheme Approved

In a significant move to accelerate India's technological capabilities and economic self-reliance, the Union Cabinet has approved a ₹1 lakh crore Research, Development and Innovation (RDI) scheme to incentivize private sector investment in R&D.

🔬 While India’s private sector has traditionally lagged in research intensity, this initiative is aimed at reversing that trend by encouraging deep-tech innovation across strategic, security, and high-growth sectors.

Key highlights:

✅ Targets high-tech sectors like aerospace, AI, defence, and clean energy

✅ Focus on supporting critical technologies like stealth systems and air-independent propulsion

✅ Funds to be governed by an Empowered Group of Secretaries chaired by the Cabinet Secretary

✅ Nodal agency: Department of Science and Technology

✅ Also includes the creation of a ‘Deep Tech Fund of Funds’

This is more than just a financial boost — it’s a structural shift in how India approaches innovation, aiming for global competitiveness and Atmanirbharta (self-reliance) in emerging technologies.

#Innovation #RDI #ResearchAndDevelopment #DeepTech #MakeInIndia #AatmanirbharBharat #TechPolicy #IndianEconomy #PrivateSector #CabinetUpdates #ScienceAndTechnology #R&D #IndianStartups #StrategicTechnologies