The Department of Science & Technology (DST) is the nodal ministry for implementing the RDI Scheme.

The scheme will be operationalized through a Special Purpose Fund (SPF) under the Anusandhan National Research Foundation (ANRF) using a two-tiered funding structure:

• First Level: The SPF within ANRF will serve as the custodian of funds.
• Second Level: Implementation will be carried out through 2nd-Level Fund Managers, which may include Alternative Investment Funds (AIFs), Development Finance Institutions (DFIs), Non-Banking Finance Companies (NBFCs), and Focused Research Organizations (FROs).
• Biotechnology Industry Research Assistance Council (BIRAC), and IIT Research Parks.

Funding will be available in the form of unsecured long-term loans at low interest rates on a competitive basis across the country, benefiting stakeholders nationwide. In select cases, equity-based financing particularly for startups, may also be undertaken. Contribution to Deep-Tech Fund of Funds (FoF) or other RDI-focused FoFs may also be considered.