Summary
It makes sure the money is safe and used the right way.
Scientists can get the money faster to work on new ideas.
Big events and fun science projects will be shared with kids too.
Key Points
4 points1
The fund is called the Research, Development and Innovation Fund.
2
It protects both public money and private investors' money.
3
Half of the money comes from private companies.
4
The fund will support new technologies like smart computers.
New Words to Learn
15 wordsdisbursal
giving out money
due diligence
careful checking
private equity
money from private companies
transparent
open and clear
sectoral
relating to different parts of the economy
synergies
working together to help each other
technology readiness level
how ready a new technology is to be used
digital library
online collection of videos and stories
conclave
big meeting or gathering
Nobel laureate
person who won a famous science award
stakeholder
anyone who cares about the project
framework
set of rules
scrutiny
close checking
collaboration
working together
initiative
new plan or project
Want to learn even more? Click here to read the full story!
🔊 Reading Article
Kid-friendly voice