TDB backs 22 projects under Rs 1 lakh crore RDI Fund

The Technology Development Board's investment committee approved a first cohort of 22 projects under the Rs 1 lakh crore RDI Fund, covering Rs 4,744 crore in R&D and Rs 2,192 crore in funding. Fourteen are startups and 13 are in deeptech, including reusable launch vehicles, satellites, quantum-secure communication and chip design.

• 22 projects: Rs 4,744 crore in R&D and Rs 2,192 crore from the RDI Fund
• 14 of 22 projects are startups; 13 are in deeptech areas
• Financing at 3–4% interest for up to 15 years, no collateral
• Projects span Bengaluru, Chennai, Hyderabad, Mumbai and other cities