The government will likely begin distribution of the research, development and innovation fund (RDIF) in the coming weeks for those Indian investors who had applied for the benefits, two sources aware of the development told ET. The fund has a total corpus of Rs 1 lakh crore.
Last month, close to 20 Indian investors, which included Ideaspring Capital, Speciale Invest, Chiratae Ventures, Sixth Sense Ventures, and Blume Ventures, had applied for the RDIF. They were asked to present to a committee that will select the funds for capital allocation, sources said.
