Cabinet Approves INR 1 Lakh Cr R&D Fund

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SUMMARY

The Centre said that the scheme will provide long-term financing, or refinancing, with long tenors at low or nil interest rates to spur private sector investment in RDI space

The fund will encourage the private sector to shore up R&D in sunrise domains and facilitate setting up of a deeptech FoF

The ANRF’s executive council will approve the scheme’s guidelines, recommend second-level fund managers, and underscore the scope and type of projects to be backed

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Cabinet Approves INR 1 Lakh Cr R&D Fund


SUMMARY

The Centre said that the scheme will provide long-term financing, or refinancing, with long tenors at low or nil interest rates to spur private sector investment in RDI space

The fund will encourage the private sector to shore up R&D in sunrise domains and facilitate setting up of a deeptech FoF

The ANRF’s executive council will approve the scheme’s guidelines, recommend second-level fund managers, and underscore the scope and type of projects to be backed

More than…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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