Union Cabinet approves Rs 91.97 billion Bio-RIDE scheme
The Union Cabinet has approved the continuation of the Department of Biotechnology’s (DBT) umbrella schemes, now unified under the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) initiative. The scheme, which includes a new component focused on Biomanufacturing and Biofoundry, has a budget of Rs 91.97 billion for the 15th Finance Commission period (2021-2026). Bio-RIDE aims to strengthen India’s position in biotechnology and biomanufacturing by fostering innovation, promoting bio-entrepreneurship, and bridging the gap between academic research…