Why in News?
- The Union Cabinet approved the National Research Foundation (NRF) Bill 2023, which will establish NRF as an apex body to provide high-level strategic direction to scientific research in the country.
- The Bill was necessary because current laws made it hard for private research organisations to contribute to a funding body such as the NRF.
What’s in Today’s Article?
- Salient Features of the NRF Bill 2023
- What is NRF?
- What is the Objective Behind Creating NRF?
- Significance of NRF
Salient Features of the NRF Bill 2023:
- It will pave the way to establish NRF that will seed, grow and promote R&D and foster a culture of research and innovation throughout India’s universities, colleges, research institutions and R&D laboratories.
- The proposed Bill also repeals the Science and Engineering Research Board (SERB) established by Parliament in 2008 and subsumes it into the NRF.
- The SERB is the Department of Science and Technology’s (DST) main funding body and is responsible for funding S&T start-ups, setting up incubators and funding science-related projects in central and state universities
What is NRF?
- As per the recommendations of the National Education Policy (NEP), NRF will be established at a total estimated cost of ₹50,000 crore from 2023-28.
- The government will contribute ₹10,000 crore over five years and close to ₹36,000 crore is expected to come from the private sector (as investments into research).
- The DST would be an “administrative” department of NRF that would be governed by a Governing Board.
- The Prime Minister will be the ex-officio President of the Board and the Union Minister of Science & Technology and Union Minister of Education will be the ex-officio Vice-Presidents.
- The Governing Board will also consist of eminent researchers and professionals across disciplines.
- NRF’s functioning will be governed by an Executive Council chaired by the Principal Scientific Adviser to the Government of India.
What is the Objective Behind Creating NRF?
- To ensure that scientific research was conducted and funded equitably and greater participation from the private sector was forthcoming.
- Currently, eminent institutions like the IITs and IISc get a bulk of research funding but State universities get very little (~10%) of the research funds.
- The NRF will prioritise research funding and the Executive Council will decide on what areas need support.
- NRF will forge collaborations among the industry, academia, and government departments and research institutions.
- It will create an interface mechanism for participation and contribution of industries and State governments in addition to the scientific and line Ministries.
- It will focus on creating a policy framework and putting in place regulatory processes that can encourage collaboration and increased spending by the industry on R&D.
Significance of NRF:
- Democratisation of science funding: NRF will emphasise the funding of projects in peripheral, rural and semi-urban areas, which are neglected and never receive funding for science projects.
- Finding solutions to the big problems facing Indian society: The NRF would promote research not just in the natural sciences and engineering, but also in social sciences, arts and humanities.
- Provides an efficient and integrated management system: For the implementation of the missions such as the supercomputer mission or the quantum mission.