The objective of setting up the National Research Foundation (NRF) by the Cabinet is to promote and enhance research and development in various sectors. The NRF aims to achieve the following objectives:

1. Enhance Research Environment: The NRF seeks to create a conducive research environment by investing in infrastructure, facilities, and resources. This will attract talented researchers and academics and enable them to conduct cutting-edge research.
2. Encourage Collaboration: The NRF aims to foster collaboration between academia, industry, and government agencies. This will help in leveraging resources and expertise, leading to innovative solutions and technology transfer.
3. Support Priority Areas: The NRF will focus on funding research projects in priority areas identified by the government. This includes fields such as science, technology, health, education, and social sciences.
4. Promote Innovation: By providing financial support, the NRF aims to encourage innovation and entrepreneurship. It will fund research that has the potential to generate new ideas, products, and services, thereby driving economic growth.
5. Develop Human Capital: The NRF aims to nurture a skilled workforce by providing scholarships, fellowships, and training programs. This will develop human capital in niche areas and boost the research ecosystem.

The establishment of the NRF reflects the government's commitment to advancing research and development, ultimately contributing to national progress and prosperity.