The congressional union cabinet gave the green light to the draft National Research Fund bill. This again puts the focus of funding on science and technology. The explainer specifically talks about the National Research Foundation (NRF).
What is the National Research Foundation (NRF)?
The National Research Foundation intends to act as a coordinating body between researchers, industry, and many government agencies, to bring industry into mainstream research. The establishment of a National Research Fund is one of the most important recommendations of the National Education Policy 2020. The National Research Fund (NRF) not only grants scholarships to individuals, but also intends to facilitate it. and promote research in the country’s universities, especially state universities. universities, by funding researchers and infrastructure.
The National Research Foundation grant will operate with a total budget of Rs. 50,000 crowns for a period of 5 years. Of that amount, a total of 28 percent, or 100 HRK. 14,000 crore will be part of the state. 72 percent balance, which is Rs. 36,000 crore will come from the private sector. The National Research Foundation proposes to increase the government share to Rs. 20,000 crowns per year. In the government’s part, Rs. 4,000 crore will be tapped from the existing budget of the Scientific and Technical Research Council, which will actually be pooled into the National Research Fund. As a result, the government has allocated an additional Rs 10,000 crore to the NRF over the next 5 years.
NRF and easy study
The National Research Foundation will facilitate research. First of all, the time from applying for a research grant to receiving a grant should not be long. In its draft, the NRF reduced the review process time to only 6 months. However, the release of funds may still take some time.
Second, it must be ensured that all paperwork is handled digitally without the need to send parcels in hard copy to the National Research Foundation. Third, all paperwork, financial requirements, and approvals must exist between the National Research Foundation and the research institution. This will free the scientist from the hassle and better focus on the research. Ultimately, the timely release of coins is what will facilitate research.
ALSO READ: What is “Lisa”, India’s first regional AI news anchor?
Categories: Trends
Source: vcmp.edu.vn