Presenting the General Budget in Lok Sabha, Finance Minister P Chidambaram said that Ministry of Science and Technology, Ministry of Finance and Principal Scientific Advisor to the Government have identified a few amazing science and technology innovations.
He said the government has decided to fund organisations that will scale-up and make these products available to the people.
Chidambaram proposed to set apart Rs 2,000 crore and asked National Innovation Council to formulate a scheme for the management and application of the fund.
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