With reference to the Research Development and Innovation (RDI) Scheme, consider the following statements:
1. The scheme has been approved with a corpus of ₹1 lakh crore to promote research and innovation in strategic and sunrise sectors.
2. It aims to provide short-term grants to the private sector for technology adoption at early stages of development.
3. The Department of Science and Technology is the nodal department for implementation.

Which of the statements given above is/are correct?
(a) 1 and 3 only
(b) 2 only
(c) 1 and 2 only
(d) 1, 2 and 3

Question

With reference to the Research Development and Innovation (RDI) Scheme, consider the following statements:
1. The scheme has been approved with a corpus of ₹1 lakh crore to promote research and innovation in strategic and sunrise sectors.
2. It aims to provide short-term grants to the private sector for technology adoption at early stages of development.
3. The Department of Science and Technology is the nodal department for implementation.

Which of the statements given above is/are correct?
(a) 1 and 3 only
(b) 2 only
(c) 1 and 2 only
(d) 1, 2 and 3

ONLiNE UPSC · Accepted Answer

Recently, the Union Cabinet, chaired by the Prime Minister of India, approved the Research, Development, and Innovation (RDI) Scheme with a corpus of ₹1 lakh crore.

Statement 1 is correct: The Union Cabinet approved the Research Development and Innovation (RDI) Scheme with a corpus of ₹1 lakh crore The scheme specifically targets sunrise and strategic sectors to catalyze private sector investment in RDI.
[Sunrise Sectors: are new and emerging industries with high growth potential, characterized by innovation, rapid expansion, and significant investor interest.].

Statement 2 is not correct: The scheme does not involve short-term grants. Instead, it offers long-term financing or refinancing, mainly as low- or zero-interest loans, with equity financing in some cases particularly for startups and contributions to Deep-Tech Fund of Funds. Short-term loans and grants are explicitly excluded from the scheme

Statement 3 is correct: The Department of Science and Technology is designated as the Nodal department responsible for implementing the RDI Scheme.

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Research Development and Innovation (RDI) Scheme

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M Question 1	⏱ 0
With reference to the Research Development and Innovation (RDI) Scheme, consider the following statements: 1. The scheme has been approved with a corpus of ₹1 lakh crore to promote research and innovation in strategic and sunrise sectors. 2. It aims to provide short-term grants to the private sector for technology adoption at early stages of development. 3. The Department of Science and Technology is the nodal department for implementation. Which of the statements given above is/are correct? (a) 1 and 3 only (b) 2 only (c) 1 and 2 only (d) 1, 2 and 3