National Research Foundation (NRF) receives substantial budgetary allocation for 2024-25
February 2024
The Union Budget 2024-25 allocated a significant corpus to the newly established National Research Foundation (NRF), signaling a strong governmental push to bolster research and development across universities and colleges. This move is a direct outcome of the recommendations from the draft STIP 2020 and the National Education Policy 2020, aiming to democratize research funding and create a more equitable research ecosystem beyond premier institutions. The NRF's mandate to fund interdisciplinary research, build research capacity, and foster industry-academia linkages is central to achieving the STIP's vision of a knowledge-based economy and enhancing India's overall innovation output. This addresses the 'STI Financing' and 'Decentralized Institutional Mechanism' aspects of the policy.
UPSC Angle: Analyze how the National Research Foundation (NRF) is poised to transform India's research landscape and contribute to the objectives of the Science, Technology and Innovation Policy. (Mains GS3)