PM Narendra Modi launched ₹1 lakh crore Research, Development and Innovation (RDI) scheme while inaugurating the Emerging Science and Technology Innovation Conclave (ESTIC 2025) in New Delhi. The initiative aims to support private enterprises working on frontier technologies such as AI, semiconductors, and advanced manufacturing.

According to the central government, this fund will make India stronger in research and help more industries focus on innovation. The six-year scheme carries a total outlay of ₹1 lakh crore, with approximately ₹20,000 crore earmarked for the first year.

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Encouraging Long-Term Research & Reducing Tech Dependency

It aims to encourage private companies to invest in long-term research and reduce India’s dependence on imported technologies. Notably, the government will not offer short-term loans or direct grants under this scheme. Instead, it will provide support through low or zero-interest loans and investments in deep-tech projects. The focus is on enabling businesses to undertake high-risk, high-impact research with long-term outcomes.

PM Modi’s message

At the ESTIC 2025 event, PM Modi stated, “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.”