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flag India launches a $13B innovation fund with low-interest, unsecured loans to boost private deep-tech R&D in AI, semiconductors, quantum, and clean energy.

flag India has launched a Rs 1 lakh crore Research, Development, and Innovation fund to support private-sector innovation in deep-tech fields like AI, semiconductors, quantum computing, and clean energy. flag The initiative offers unsecured, low-interest loans with rates below 3% and no collateral, marking a first-of-its-kind global model. flag Led by Union Minister Dr. Jitendra Singh, the fund aims to boost R&D, IP creation, and commercialization, part of broader reforms opening space and nuclear sectors to private investment. flag It reflects the government’s push for technological self-reliance and trust in Indian innovators.

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