India, Oct. 12 -- The Government of India has issued a release:
The Research, Development and Innovation Fund (RDIF), a flagship initiative of the Government of India, has announced the first cohort of 19 Second Level Fund Managers (SLFMs), marking a significant milestone in the implementation of the Rs.1 lakh crore Fund. The Empowered Group of Secretaries (EGoS) in its meeting held on October 08, 2026 has approved 14 Alternative Investment Funds (AIFs) and 5 Focused Research Organisations (FROs), with a total RDIF commitment of Rs.7,131 crore.
The Rs.1 lakh crore Research, Development and Innovation (RDI) Scheme was launched by the Hon'ble Prime Minister Shri Narendra Modi in November 2025. The initiative reflects the Government's vision...