Economy · 2 Aug 2026

RDI Fund

With reference to the Research, Development and Innovation (RDI) Fund, consider the following statements:

  1. The RDI Fund operates under the Anusandhan National Research Foundation.
  2. The Technology Development Board functions as a Second Level Fund Manager disbursing RDI money.
  3. The Anusandhan National Research Foundation was established by an executive order of the Ministry of Science and Technology.

Which of the statements given above is/are correct?

A1 only
B1 and 2 only
C2 and 3 only
D1, 2 and 3
This question is based on: 7 of 11 Panel Members Had a Stake - the Ministry Says That's Fine. Is It?
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About this question

Why in news

The Science Ministry defended the RDI Fund selection process after Minister Jitendra Singh disclosed in the Rajya Sabha that 7 of 11 members on a TDB investment committee had personal investments in companies later selected for funding.

Why for UPSC

UPSC regularly tests whether a body was created by statute (Act of Parliament) versus executive/administrative action, a distinction central to understanding institutional accountability - directly relevant to this governance controversy.

Prelims summary

The ANRF, established by a 2023 Act of Parliament, houses the RDI Fund, with the statutory Technology Development Board acting as a Second Level Fund Manager for disbursing funds to private R&D ventures.

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