Q11 · UPSC current affairs · 15 October 2026 · PIB · RDI Scheme Expansion Advanced Chemicals Petrochemicals

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Consider the following statements regarding the Research, Development and Innovation (RDI) Scheme:1.The RDI Scheme has a corpus of Rs 1 lakh crore and is managed by the Ministry of Finance.2.The scheme covers concessional long-term funding for private sector R&D across critical technology sectors.Which of the statements given above is/are correct?

A Neither 1 nor 2
B 1 only
C 2 only
D Both 1 and 2

Correct answer: (c) 2 only

Explanation

Statement 1 is incorrect because the RDI Scheme is managed by the Department of Science and Technology, not the Ministry of Finance (a classic UPSC ministry trap). Statement 2 is correct as the scheme covers concessional long-term funding for private sector R&D across critical technology areas.

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