The foundation, which was promised four years ago and expected to come into effect with the National Education Policy in 2020, saw roadblocks along the way because of the pandemic. It could have far-reaching implications for innovation in India
After Parliamentary approval and when an Act is enforced, the National Research Foundation will be established as an apex body to provide high-level strategic direction of scientific research in the country
Image: Shutterstock
The Union Cabinet approved a proposal to set up a National Research Foundation (NRF), with an initial estimated budget of Rs50,000 crore over a five-year period, from 2023 to 2028. The NRF’s objective is to cultivate and incubate research at universities and colleges across India, and ‘democratise’ funding for science projects. The bill can now be introduced in Parliament.