Research Development and Innovation Fund (RDIF) -an independent business unit under ANUSANDHAN NATIONAL RESEARCH FOUNDATION (Department of Science and Technology, Govt. of India)

The Government of India has approved to set up a ₹1 Trillion Research, Development and Innovation (RDI) scheme aimed at spurring private sector-driven R&D ecosystem. Department of Science & Technology (DST), Ministry of Science & Technology is the nodal agency for implementation of the scheme. RDI scheme will operate through a two-tiered funding structure. At the first level, a Special Purpose Fund (SPF) referred to as RDI Fund has been established within the Anusandhan National Research Foundation (ANRF), which will serve as the custodian of the ₹1 Trillion corpus. The Fund will channel capital to second-level fund managers who can be Alternative Investment Funds (AIF), Development Finance Institutions (DFI), Non-banking Finance Companies (NBFCs), among others which will provide financing to private sector in the form of long term low interest loans or equity.

RDIF will be an independent business unit within ANRF. The governance structure of RDIF includes the Executive Council (EC) of ANRF, an EAC serving as an expert committee of the EC, and a Management Team led by the ED RDIF in an operational role which will be distinct from the core functions of ANRF. The ED RDIF will be responsible for the overall management of the RDIF. The EC shall be the appointing authority of ED, RDIF and other members of the Management Team. ED, RDIF shall report to the EC of ANRF. RDIF invites applications for filling up of the following positions, to set up a RDIF Management Team to implement the RDIF Scheme:

Thank you for evincing interest in opportunities with RDIF. We appreciate your interest in RDIF and the time and effort invested by you during the recruitment process. We encourage you to regularly visit the official RDIF Recruitment page for information regarding vacancies and other positions that may be notified from time to time, in accordance with the requirements of the organisation. You may consider applying for suitable positions in the future, subject to the eligibility criteria and recruitment process applicable to such positions. We wish you continued success in your professional endeavours.