Budget 2025: Rs 20,000 crore allocated to DST to kickstart Rs 1 lakh crore research and development fund

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Budget 2025: Rs 20,000 crore allocated to DST to kickstart Rs 1 lakh crore research and development fund

^{Published on 2025-02-01 15:22:17 - MSN}

Union Finance Minister Nirmala Sitharaman has allocated Rs 20,000 crore to the Department of Science and Technology to initiate the private sector-driven research and development fund, initially proposed in July's budget.

The Indian government has allocated Rs 20,000 crore to the Department of Science and Technology (DST) as part of the 2025 Budget to initiate a Rs 1 lakh crore research and development fund. This fund aims to bolster India's research capabilities, focusing on deep tech for defense, and fostering innovation in areas like artificial intelligence, quantum computing, and semiconductors. The initiative is part of a broader strategy to enhance India's self-reliance in technology and reduce dependency on foreign technology, aligning with the 'Atmanirbhar Bharat' vision. The fund will be managed by a new entity under the DST, ensuring that the investments are directed towards high-impact research projects that can drive economic growth and technological advancement.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/entertainment/bollywood/budget-2025-rs-20-000-crore-allocated-to-dst-to-kickstart-rs-1-lakh-crore-research-and-development-fund/ar-AA1yeLrE ]

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