CLAT GurukulSamudraManthan
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Topic 263 · Science, Technology & Space

RDI Fund of Rs 1 lakh crore under ANRF

10 MCQs · tap an option to check it · All answers

Revise the 12 points first Book 1 RATNA
  1. Core Trigger: In August 2026 an Indian Express investigation reported most first-round RDI money went to firms linked to selectors.
  2. Scheme Focus: The fund lends long-term, low-cost, collateral-free money to private deep-tech firms in AI, quantum, space and semiconductors.
  3. Current Head: The Prime Minister is ex-officio President of ANRF's Governing Board; the Principal Scientific Adviser is Member-Secretary.
  4. Fund Structure: A Special Purpose Fund under ANRF holds the corpus; Second-Level Fund Managers pick the firms.
  5. Data Point: Cabinet approved it on 1 July 2025: Rs 1 lakh crore over six years.
  6. Stakeholders: The Technology Development Board and BIRAC are the fund managers; DST administers the scheme.
  7. India Link: Loans go to private companies, not government entities.
  8. Parent Body: ANRF is a statutory apex body under the Ministry of Science and Technology.
  9. Founded: The ANRF Bill, 2023 passed the Lok Sabha on 7 August and Rajya Sabha on 9 August 2023.
  10. Statute Change: The ANRF Act, 2023 repeals the Science and Engineering Research Board Act, 2008, dissolving SERB.
  11. Related Statute: The Technology Development Board Act, 1995 constitutes the Board to finance indigenous technology.
  12. Definition: The RDI Scheme is an executive scheme, not an Act; a collateral-free lender carries the failure risk.
Question 1 of 10

An August 2026 Indian Express investigation said most first-round RDI money went to which firms?

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Answer: (C) Firms linked to selectors

Core Trigger: In August 2026 an Indian Express investigation reported most first-round RDI money went to firms linked to selectors.From Book 1 RATNA, topic 263, point 1

Question 2 of 10

RDI fund loans to private deep-tech firms are long-term, low-cost and what else?

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Answer: (D) Collateral-free

Scheme Focus: The fund lends long-term, low-cost, collateral-free money to private deep-tech firms in AI, quantum, space and semiconductors.From Book 1 RATNA, topic 263, point 2

Question 3 of 10

Which is/are correct? (1) The Prime Minister is ex-officio President of ANRF's Governing Board. (2) The Principal Scientific Adviser is its Member-Secretary.

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Answer: (C) Both 1 and 2

Current Head: The Prime Minister is ex-officio President of ANRF's Governing Board; the Principal Scientific Adviser is Member-Secretary.From Book 1 RATNA, topic 263, point 3

Question 4 of 10

Which fund under ANRF holds the RDI corpus?

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Answer: (A) Special Purpose Fund

Fund Structure: A Special Purpose Fund under ANRF holds the corpus; Second-Level Fund Managers pick the firms.From Book 1 RATNA, topic 263, point 4

Question 5 of 10

The Cabinet approved Rs 1 lakh crore for the RDI Fund on 1 July 2025 over how many years?

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Answer: (B) Six years

Data Point: Cabinet approved it on 1 July 2025: Rs 1 lakh crore over six years.From Book 1 RATNA, topic 263, point 5

Question 6 of 10

Which two bodies are the RDI fund managers, with DST administering the scheme?

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Answer: (C) TDB and BIRAC

Stakeholders: The Technology Development Board and BIRAC are the fund managers; DST administers the scheme.From Book 1 RATNA, topic 263, point 6

Question 7 of 10

ANRF is a statutory apex body under which Ministry?

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Answer: (D) Ministry of Science and Technology

Parent Body: ANRF is a statutory apex body under the Ministry of Science and Technology.From Book 1 RATNA, topic 263, point 8

Question 8 of 10

On which date did the ANRF Bill, 2023 pass the Lok Sabha?

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Answer: (A) 7 August 2023

Founded: The ANRF Bill, 2023 passed the Lok Sabha on 7 August and Rajya Sabha on 9 August 2023.From Book 1 RATNA, topic 263, point 9

Question 9 of 10

The ANRF Act, 2023 dissolves which body by repealing its 2008 Act?

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Answer: (B) Science and Engineering Research Board

Statute Change: The ANRF Act, 2023 repeals the Science and Engineering Research Board Act, 2008, dissolving SERB.From Book 1 RATNA, topic 263, point 10

Question 10 of 10

Which is/are correct? (1) The Technology Development Board Act, 1995 constitutes the Board to finance indigenous technology. (2) The RDI Scheme is an Act of Parliament.

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Answer: (A) Only 1

Related Statute: The Technology Development Board Act, 1995 constitutes the Board to finance indigenous technology.From Book 1 RATNA, topic 263, point 11

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