The Budget Speech of 1991-92 by Manmohan Singh, Minister of Finance presented on July 24, 1991 has the detail.
"The Rajiv Gandhi Foundation has been established to perpetuate the memory of the great leader and to promote the ideals and objectives for which he lived and laid down his life," Singh said.
"This Foundation, among other things, will lay particular emphasis on research and action programmes relating to the application of science and technology for development, propagation of literacy, the protection of the environment, the promotion of communal harmony and national integration, the uplift of the under-privileged, women and handicapped persons, administrative reforms and India's role in the global economy," he added.
"As a homage to the late Shri Rajiv Gandhi and in support of the laudable objectives of the Foundation, Government has decided to contribute Rs 100 crore to the Foundation at the rate of Rs 20 crores per annum for a period of five years beginning from the current year," the then Finance Minister said in the Budget speech.
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