One of the most notable developments in the S&T sector in the XI Plan has been the setting up of the
Science and Engineering Research Board (SERB) through an Act of Parliament, viz. the Science and Engineering Research Board Act, 2008.
Promoting basic research in Science and Engineering and to provide financial assistance to persons engaged in such research,
academic institutions, research and development laboratories, industrial concerns and other agencies for such research and
for matters connected therewith or incidental thereto are the primary and distinctive mandate of the Board.
SERB aims to build up best management systems which would match the best global practices in the area of promotion and funding of basic research.