India Launches Concessional Financing For Deep-Tech

The Ministry of Science and Technology launched the Technology Development Board's first Open Call on 4 February under the Rs 1 lakh crore Research, Development and Innovation (RDI) fund, offering concessional loans at 2–4% interest and tenures up to 15 years. The programme provides loans, equity or hybrid financing covering up to 50% of project costs for TRL4+ projects, prioritizing energy, AI, quantum, robotics and space. Firms must be India-headquartered with majority domestic ownership and IP registered locally.