- Corpus will be established with a fifty-year interest-free loan.
- It will provide long-term financing or refinancing with long tenors.
- It will encourage the private sector to scale up research and innovation.
- India’s R&D spending as a percentage of GDP (0.7%) is lower than countries like South Korea, Israel, etc.
- Also, it will help in enabling high-quality services at affordable prices for all.
- Sunrise technologies includes emerging technologies which are currently in their nascent stage of development but have immense potential to offer in future.
- Opportunities of Sunrise Technologies
- Healthcare: Early disease detection, personalized medicine using AI, etc.
- Agriculture: Precision agriculture using drones and sensors, data-driven crop management, etc.
- Finance: Data protection using Blockchain-based solutions.
- Manufacturing: Robotics and automation can enhance efficiency and productivity.
- Other: Logistic Efficiency, Drone-based mapping, telemedicine, e-governance, etc.
- Major Steps Undertaken by Ministry of Electronics & Information Technology (MEITY)
- India AI, implemented with the help of National Program on Artificial Intelligence.
- National Blockchain Strategy (2021)
- Centre of Excellence on Internet of Things and Blockchain Technology, etc.
- Also, a new scheme has been announced for strengthening deep-tech technologies defence purposes and expediting Atmanirbharta.