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flag India launched a ₹1 lakh crore fund to boost private deep-tech R&D with long-term, low-interest support, targeting AI, semiconductors, and telecom.

flag India has launched a ₹1 lakh crore RDI fund to boost private sector investment in deep-tech innovation, offering long-term, low- or zero-interest loans, equity, and fund-of-funds support over six years. flag Announced in the interim Budget 2024-25 and launched by PM Modi on November 3, 2025, the scheme targets high-risk, long-gestation R&D in sectors like AI, semiconductors, and next-gen telecom. flag It aims to catalyze a 10x increase in private R&D spending, which currently averages 30-35% of revenue, by mitigating early-stage risks. flag The fund, with ₹20,000 crore allocated for FY 2025-26, excludes grants and short-term loans. flag Officials stress the need for high-quality data to strengthen India’s global innovation standing. flag Critics note challenges with loan repayment timelines and governance, urging reforms to improve effectiveness.

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