India Picks 19 Fund Managers Under RDI Scheme, Commits ₹7,131 Crore
India has approved 19 fund managers under its ₹1 lakh crore Research, Development and Innovation (RDI) Scheme, committing ₹7,131 crore to strengthen research-driven technology development and attract private investment into high-risk innovation.
The decision, approved by the Empowered Group of Secretaries (EGoS) on October 8 and announced by the Ministry of Science and Technology on October 12, 2026, marks a significant step in implementing the government's RDI funding initiative.
The first cohort includes 14 Alternative Investment Funds (AIFs) and five Focused Research Organisations (FROs). These institutions will channel capital to eligible technology enterprises developing technologies that have progressed beyond the earliest stages of research.
The government expects the selected institutions to mobilize private capital equivalent to its ₹7,131 crore commitment. If fully achieved, this could create a combined funding pool of approximately ₹14,262 crore.
However, the latest approval represents a commitment to the selected fund managers, rather than confirmation that...
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