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With reference to the Ambedkar Social Innovation and Incubation Mission (ASIIM), consider the following statements:
1. It was launched under the Venture Capital Fund for Scheduled Castes (VCF-SC).
2. The companies/entrepreneurs owned by Scheduled Castes enrolled /registered with Technology Business Incubators (TBIs) are eligible to get maximum capital of Rs.90 lakhs over a period of 3 years.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
With reference to the Ambedkar Social Innovation and Incubation Missio...
The Ministry of Social Justice & Empowerment, Government of India has launched Ambedkar Social Innovation and Incubation Mission (ASIIM) under Venture Capital Fund for Scheduled Castes (VCF-SC) on 30th September 2020.
  • The objective is to boost entrepreneurship and innovation among the SC students/SC Divyang youth.
  • The companies/entrepreneurs owned by Scheduled Castes enrolled /registered with Technology Business Incubators (TBIs) are eligible to get maximum capital of Rs.30 lakhs over a period of 3 years i.e. Rs.10 lakhs every year.
  • Financial support of up to Rs.10 lakhs per year for a period of 3 years aggregating to Rs.30 Lakhs shall be provided to eligible applicants as equity funding.
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With reference to the Ambedkar Social Innovation and Incubation Mission (ASIIM), consider the following statements:1. It was launched under the Venture Capital Fund for Scheduled Castes (VCF-SC).2. The companies/entrepreneurs owned by Scheduled Castes enrolled /registered with Technology Business Incubators (TBIs) are eligible to get maximum capital of Rs.90 lakhs over a period of 3 years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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With reference to the Ambedkar Social Innovation and Incubation Mission (ASIIM), consider the following statements:1. It was launched under the Venture Capital Fund for Scheduled Castes (VCF-SC).2. The companies/entrepreneurs owned by Scheduled Castes enrolled /registered with Technology Business Incubators (TBIs) are eligible to get maximum capital of Rs.90 lakhs over a period of 3 years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Ambedkar Social Innovation and Incubation Mission (ASIIM), consider the following statements:1. It was launched under the Venture Capital Fund for Scheduled Castes (VCF-SC).2. The companies/entrepreneurs owned by Scheduled Castes enrolled /registered with Technology Business Incubators (TBIs) are eligible to get maximum capital of Rs.90 lakhs over a period of 3 years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Ambedkar Social Innovation and Incubation Mission (ASIIM), consider the following statements:1. It was launched under the Venture Capital Fund for Scheduled Castes (VCF-SC).2. The companies/entrepreneurs owned by Scheduled Castes enrolled /registered with Technology Business Incubators (TBIs) are eligible to get maximum capital of Rs.90 lakhs over a period of 3 years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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