Which of the following statements about the Research Development and Innovation Fund, approved by the Union Cabinet, is/are correct? 

I. The RDI Scheme incentivises private sector participation in R&D, with a total outlay of Rs. 10 Lakh crore over six years. 

II. It aims to finance transformative projects at higher levels of Technology Readiness Level (TRL) of 4 and above. 

Which of the statement are correct. 

Statement I is INCORRECT: While the scheme does incentivize private sector participation in R&D, the total outlay is ₹1 Lakh crore over six years (not ₹10 Lakh crore). Statement II is CORRECT: The primary objective of the scheme is to finance transformative projects at higher levels of technological maturity, specifically targeting Technology Readiness Level (TRL) 4 and above to help move concepts from the lab to commercialization.