Full formGovernment & Exams
RDVstands forResearch and Development Voucher
Full Form of RDV
What is RDV?
The Research and Development Voucher (RDV) is a government initiative in India designed to promote innovation among micro, small, and medium enterprises (MSMEs) and startups. It provides financial assistance in the form of vouchers that can be used to access R&D services from approved institutions such as universities, research labs, and technical consultants. The scheme aims to reduce the cost burden of experimentation, prototyping, testing, and technology upgradation for smaller businesses that typically lack in-house R&D capabilities. Implemented by agencies like the Department of Science and Technology (DST) and state-level bodies, the RDV is part of India's broader push towards self-reliance and the 'Startup India' mission. Eligible firms can apply for vouchers covering up to 75% of project costs, with a cap depending on the domain. The scheme is particularly relevant in manufacturing, agriculture, IT, and clean energy sectors. Competition for vouchers is merit-based, encouraging high-impact projects. For students preparing for UPSC or state civil services exams, understanding RDV helps in answering questions on industrial policy, innovation ecosystem, and government schemes supporting MSME growth. The voucher model is also being adapted by several states to boost local entrepreneurship and reduce regional disparities in R&D access.
RDV का फुल फॉर्म
अनुसंधान और विकास वाउचर
Example
The Pune-based hardware startup used its RDV to collaborate with IIT Bombay for testing a new low-cost water purification membrane.
RDV — frequently asked questions
What is the full form of RDV?
The full form of RDV is Research and Development Voucher, a government scheme in India that provides financial support to MSMEs and startups for accessing R&D services.
Who can apply for the RDV scheme?
Micro, small, and medium enterprises (MSMEs) registered in India, as well as recognized startups, are eligible to apply for the Research and Development Voucher, provided they meet the criteria set by the implementing agency.
How does the RDV benefit small businesses?
The RDV reduces the financial burden of R&D activities for small businesses by covering a significant portion of costs for services like testing, prototyping, and technology upgradation, thereby encouraging innovation without heavy upfront investment.