# Modi announces Rs 1 lakh crore Innovation Fund 2026-08-15T12:38:06+00:00 | Governance | Indian Opinion Desk Corroboration: 2 independent outlets Prime Minister Narendra Modi announced a Rs 1 lakh crore Innovation Fund and urged young Indians to bring forward ideas, while addressing the nation on Independence Day. He said more than 2.5 lakh startups had been registered under the Startup India campaign and were creating jobs. The Research, Development and Innovation fund will have a corpus of Rs 1 lakh crore over six years, according to The Hindu BusinessLine and Rediff. It targets private investment in sectors including deep-tech, artificial intelligence, quantum technology, biotechnology, energy security and climate action. Modi also cited Digital India, affordable data and Skill India as drivers of opportunity. Existing support includes the Fund of Funds for Startups, the Startup India Seed Fund Scheme and the Credit Guarantee Scheme for Startups. ## Coverage - thehindubusinessline.com - rediff.com Tags: digital India, Narendra Modi, Red Fort, Skill India, Startup India Canonical: https://indianopinion.org/modi-announces-rs-1-lakh-crore-fund-for-innovation/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/modi-announces-rs-1-lakh-crore-fund-for-innovation/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.