The RDI Fund Has Money but No Way to Deliver It: Why India's ₹1 Lakh Crore Deep-Tech Fund Has Stalled
On September 29, 2026, TDB posted a notice closing applications for funding under the RDI Fund. It had already selected 13 companies in a second round in August but could not issue them letters of intent. The pause comes nearly a year after the Fund was created in November 2025. It also follows reports in August that 15 of the 22 first-round recipients had investment links to seven members of the selection committee.