New Delhi, July 7 -- The government is targeting the disbursement of around Rs 500 crore under the Research Development and Innovation (RDI) Scheme by September as it steps up implementation of the flagship initiative aimed at boosting private sector-led research and innovation, Rajesh Kumar Pathak, Secretary, Technology Development Board (TDB), said.

Speaking to ANI on Tuesday on the sidelines of the 'Research, Development and Innovation Fund (RDIF), Industry Outreach Program organised by FICCI, Pathak said the scheme, announced in the Union Budget and launched on November 3, 2025, has been designed to support startups, MSMEs and established companies over the next six to seven years.

He said the government has been conducting outreach...