Video by casarthakahuja

The Indian government is giving hundreds of crores to Indian businesses under this one new scheme at a super fast speed with a very high application success rate and you can't miss this. Well, they have set up a fund called the RDIF or the Research Development Innovation Fund which is worth 1 lakh crore rupees.

And recently, they have already dispersed the first tranche of the first 2,000 crores to a number of companies. And what is the application success rate? 43%. Now, what is this fund all about? Under this, the government essentially now wants to fund all kinds of new technology in India. Think semiconductors, space tech, quantum computers, AI, robotics, medical technology, biotech, or if you want to build something in digital agriculture, you know, any kind of new technology that you can build from India for the world.

They are willing to fund it. And under this fund, they have actually set up an agency called TDB, which essentially stands for Technological Development Board. And this board has an investment committee which does not even have a single government officer because they hired experts professionals to take decisions on what kind of businesses to fund And they doing it at super fast speed For example one of the experts on this board is this gentleman called Chris Kupalakrishnan

the co-founder of Infosys. Now, what are they doing? This funding is available to you up to 50% of the project cost and the balance you can bring in through your own capital or banks or NBFCs or VCs. And this is available either in the form of debt, which is available at 2 to 4% per annum

interest rate with a very long moratorium and a tenure of 12 to 15 years and with absolutely no collateral or this can be available in the form of equity depending on the kind of project you're actually building. Now it's really important for you to understand that here you should not take just ideas or things at research stage for an application. They ideally want people who have