<h1>India Allocates Rs. 1300 Crore for Innovation and Skill Development to Boost Economic and Social Progress.</h1> The Indian government is prioritizing innovation to drive economic and social progress. A Rs. 1200 crore allocation has been made for a National Knowledge Network to connect major institutions, fostering interdisciplinary collaboration. Additionally, Rs. 100 crore is allocated to establish the India Inclusive Innovation Fund, aimed at supporting innovations that benefit the lower-income population. The Finance Minister emphasized the importance of innovation in education, competitive enterprise environments, and research and development. The government is enhancing support for scientific research and skill development, with initiatives like the National Skill Development Council and increased funding for educational infrastructure.