PM Modi to launch ₹1 lakh crore RDI fund tomorrow
Big news for India's science scene: PM Modi is set to launch a massive ₹1 lakh crore Research, Development and Innovation (RDI) Fund at the ESTIC 2025 event in Delhi on November 3.
The goal? To supercharge research in AI, deeptech, energy, biotech, and more—especially by getting startups and private companies more involved.
Who can access the fund and how?
The RDI fund will work with venture capital funds, alternative investment funds, IITs, and the Technology Development Board.
Startups and corporates can get long-term, low-interest loans or equity—no upper limit—but large companies will need to co-invest half the project cost.
This is all about helping ambitious projects in future-facing fields take off.
Why is this important?
Right now, private sector R&D in India lags behind global leaders (just 30-35% here vs. 70% abroad).
This fund aims to close that gap by making it easier for young innovators and companies to push boundaries.
ESTIC event details
Over 3,000 people—including Nobel laureates and policymakers—will gather to talk big ideas in science and tech.
Plus, the government's already put ₹20,000 crore into kickstarting these initiatives.
If you're into innovation or dreaming up your own startup someday, this is worth keeping an eye on!