September 18, 2024 5:33 PM

Union Cabinet approves Rs. 9,197 crore Bio-RIDE scheme to boost India’s biotechnology sector

The Union Cabinet on Wednesday approved the continuation of two umbrella schemes under the Department of Biotechnology (DBT), merging them into a unified initiative known as the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) scheme. With a total outlay of Rs. 9,197 crore during the 15th Finance Commission period from 2021-22 to 2025-26, Bio-RIDE includes a new component called Biomanufacturing and Biofoundry, aimed at advancing India's capabilities in biotechnology...