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With reference to the Ambedkar Social Innovation and Incubation Mission (ASIIM), consider the following statements:
1. It was launched under 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.
  • 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.
Hence, option (a) is the correct answer.
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Most Upvoted Answer
With reference to the Ambedkar Social Innovation and Incubation Missio...
Explanation:

Statement 1:
- The first statement is correct. The Ambedkar Social Innovation and Incubation Mission (ASIIM) was indeed launched under the Venture Capital Fund for Scheduled Castes (VCF-SC). This initiative aims to promote entrepreneurship among Scheduled Castes by providing them with financial support and mentorship.

Statement 2:
- The second statement is incorrect. The companies/entrepreneurs owned by Scheduled Castes enrolled/registered with Technology Business Incubators (TBIs) are eligible to receive funding up to Rs. 30 lakhs, not Rs. 90 lakhs, over a period of 3 years. This funding is provided to support their innovative business ideas and help them succeed in the competitive market.
Therefore, the correct answer is option 'A' - 1 only.
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With reference to the Ambedkar Social Innovation and Incubation Mission (ASIIM), consider the following statements:1. It was launched under 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 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 UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Ambedkar Social Innovation and Incubation Mission (ASIIM), consider the following statements:1. It was launched under 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 UPSC 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 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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