The Department of Chemicals and Petrochemicals announced on 14 October 2026 that Advanced Chemicals, Petrochemicals and Material Technologies are now eligible for funding under the Research, Development and Innovation (RDI) Scheme. This change, decided by the Department of Science and Technology, took effect on 8 October 2026. The RDI Scheme, launched in November 2025 with a ₹1 lakh crore corpus, provides long-term financing to encourage private-sector investment in transformative technology projects. This expansion aims to help the industry develop indigenous technologies and reduce reliance on imports.
Key points
- Effective 8 Oct 2026: Advanced Chemicals and Petrochemicals are eligible for RDI funding
- RDI Scheme Corpus: ₹1 lakh crore to catalyse private-sector investment
- Goal: Develop indigenous technologies for advanced industrial applications
- Focus: Long-term financing and refinancing for transformative projects
When it applies
- inclusion of chemicals and petrochemicals under RDI Scheme
- launch of the Research, Development and Innovation (RDI) Scheme
Who it affects
- private sector and industrial applicants in the chemicals and petrochemicals sector