Q. Which ministry has been appointed as the nodal ministry for "Bio-RIDE Scheme", recently in news?
Answer:
Ministry of Science and Technology
Notes: The Union Cabinet approved the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) Scheme.
It aims to leverage bio-innovation to address challenges in healthcare, agriculture, and environmental sustainability.
The scheme is managed by the Department of Biotechnology, Ministry of Science & Technology. It seeks to make India a global leader in biomanufacturing and achieve a US$300 billion Bioeconomy by 2030. Bio-RIDE has three components: Biotechnology R&D, Industrial and Entrepreneurship Development, and a new Biomanufacturing and Biofoundry component for promoting a Circular Bioeconomy. The scheme has a funding of Rs. 9,197 crore for 2021-26.