Finance Minister allocates funds for “National Research Foundation”

What is the News?
The Finance Minister allocated funds for the creation of a National Research Foundation(NRF).

About National Research Foundation(NRF)

  • The NRF found mention in the 2019 Budget speech first. New Education Policy(NEP),2020 also proposed its formation.
  • The foundation would be an autonomous body. It will fund researches across four major disciplines –Sciences; Technology; Social Sciences; and Arts and Humanities.
  • Moreover, It will develop and build research capacity at universities and colleges through a formal mechanism of mentoring.  Experts researchers from premier institutions of the country will assist in that.
  • Thus, It will also catalyze research at universities and colleges that have until now not been big players in research.
  • The funding would be cross-disciplinary. The foundation will ensure that research already being funded by Science Ministries for instance — wouldn’t be duplicated.

Source: The Hindu

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