Parliamentary Panel Highlights Improved Fund Utilisation by Department of Biotechnology

Parliamentary Panel Highlights Improved Fund Utilisation by Department of Biotechnology

Daily Current Affairs / Parliamentary Panel Highlights Improved Fund Utilisation by Department of Biotechnology

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Category : Science and Tech Published on: March 30 2026

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The Department-related Parliamentary Standing Committee on Science & Technology presented its 407th Report on Demands for Grants (2026-27) of the Department of Biotechnology on 25 March 2026. The Committee noted significant improvement in fund utilisation in FY 2025-26, with 96.23% of the Revised Estimates utilised, particularly 94.88% under the flagship Bio-RIDE scheme.
It appreciated better financial management compared to previous years but recommended realistic budget estimation, multi-year planning, and stronger monitoring mechanisms. The panel suggested focused mission-mode programmes for affordable medical devices, a Venture Development Program for bio-startups, enhanced industry linkages, and better translation of research from iBRIC institutes into clinical and commercial outcomes.

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