RS.400 Crore Self funding for innovation by CSIR

RS.400 Crore Self funding for innovation by CSIR

Posted by P. Charitha on November 28th 2016

The Council of Scientific and Industrial Research (CSIR) has earmarked Rs 400 Crore for a new fund to promote  innovative projects in the country.As per  CSIR director-general Dr Girish Sahni statement made to the media  on Saturday at Indian Institute of Chemical Technology (IICT) to mark the platinum jubilee celebrations of CSIR. The money will also be utilised to take the benefits of research from CSIR laboratories to the market. He said CSIR created the innovation fund from its own revenue. More money will be pumped into the innovation corpus fund if needed. 
 
The fund will come handy to researchers to pass on the technologies developed in labs to the market for the overall benefit of society. As part of its innovation programs,CSIR is encouraging farmers to take up inter-season crops to boost their income. Farmers can take up aromatic and herbal plantation between Khariff and Rabi seasons. They can also grow them as hedges. In Telangana farmers can be asked to take up turmeric as an interseason crop. Essential oils obtained from aromatic plants can be routed through cooperatives. This will not only improve the income of farmers but also increase the production of aromatic oils.

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