The Union Cabinet on June 28, 2023, approved the National
Research Foundation (NRF) Bill, 2023 in the
Parliament1.
Establishment of National Research Foundation
The Bill seeks to establish NRF, with the object to enhance and
promote the culture of research and innovation in India's
universities, colleges, research institutions, and R&D
laboratories.
The NRF is expected to provide a high-level strategic direction
of scientific research in the country as per recommendations of the
National Education Policy (NEP), at a total estimated cost of Rs.
50,000 crore during five years (2023-28).
One of the primary functions of NRF, includes advanced
collaborations among the industry, academia, and government
departments and research institutions with the aim to create an
interface mechanism, with science as the pivotal, for participation
and contribution of industries and State governments in addition to
the scientific and line ministries.