A bill to set up a national agency to fund research across universities in the country was introduced in the Lok Sabha on Friday by Union Science and Technology Minister Jitendra Singh.
About the Bill
The Anusandhan National Research Foundation Bill-2023 seeks to set up a ₹50,000-crore fund, with a sizeable contribution from the private sector, to “seed, grow and promote” research and development (R&D) and foster a culture of research and innovation throughout India’s universities, colleges, research institutions, and R&D laboratories.
It seeks to set up different funds:
- The Anusandhan National Research Foundation Fund, for the financing of activities under the Act
- The Innovation Fund for supporting outstanding creativity in the areas supported by the foundation
- The Science and Engineering Research Fund for the continuation of the projects and programmes initiated under the Science and Engineering Research Board Act, 2008
- One or more special-purpose funds for any specific project or research