Govt picks 19 fund managers for ₹1 trillion RDI scheme
The first cohort includes 14 alternative investment funds and five research organisations, with ₹7,131 crore in commitments approved amid scrutiny of the scheme’s selection process.
The central government's Research, Development and Innovation (RDI) Fund has chosen 19 second-level fund managers (SLFMs) for its inaugural cohort, as announced by the Ministry of Science & Technology. These fund managers have been selected to participate in the ₹1 trillion RDI scheme. The Ministry confirmed the selection of these 19 individuals, although no further details about their backgrounds or the rationale behind their selection were provided in the source material.
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