The Union Cabinet has approved a major initiative aimed at strengthening research and innovation in India’s private sector. The new Research, Development and Innovation scheme comes with a massive Rs 1 lakh crore corpus, designed to empower companies to scale up their work in critical and emerging technology areas.
According to government sources, the fund will support private sector research, particularly in high-impact domains such as energy security, climate action, deep technology, artificial intelligence, biotechnology, and the digital economy. The scheme is focused on promoting indigenous innovation in sectors vital to national interest, economic resilience, and strategic independence.
The fund for private sector will be offered as an interest-free loan for a period of fifty years, making it one of the most significant long-term investments in India’s innovation ecosystem. It will primarily support private sector projects that are in advanced stages of development, targeting higher Technology Readiness Levels to ensure practical application and implementation.
Additionally, the private sector scheme will facilitate the acquisition of high-value and strategically important technologies. A special Deep-Tech Fund of Funds will also be launched under this initiative to specifically encourage innovation in deep-tech segments.
The Department of Science and Technology (DST) will be responsible for implementing this scheme. The move follows the announcement made during the Budget 2025-26, which set the tone for building a strong ecosystem of original research and future-ready innovation in India.
This landmark decision reflects the government’s commitment to making India a global hub for next-generation technology and research-driven industry development.
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