With reference to the recently approved Research Development and Innovation (RDI) Scheme, consider the following statements: 1. The scheme aims to provide long-term financing or refinancing with low or nil interest rates to the private sector for research and innovation. 2. The Governing Board of the Anusandhan National Research Foundation (ANRF), chaired by the Cabinet Secretary, will provide strategic direction to the scheme. 3. The Department of Science and Technology (DST) will act as the nodal department for implementation of the scheme. How many of the above statements are correct? |ForumIAS

[A] Only one

[B] Only two

[C] All three

[D] None

Answer: B

Notes:

Explanation:

Statement 1: Correct – The scheme provides long-term, low/nil interest financing for private sector RDI.
Statement 2: Incorrect – The Governing Board of ANRF is chaired by the Prime Minister, not the Cabinet Secretary.
Statement 3: Correct – The Department of Science and Technology (DST) is the nodal department.

Source- PIB