UPSC Exam  >  UPSC Questions  >   Consider the following statements with refer... Start Learning for Free
Consider the following statements with reference to the Start-up India Seed Fund Scheme:
It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.
  • The Department for Promotion of Industry and Internal Trade is the nodal department for the scheme.
    Which of the statements given above is/are not correct?
    • a)
      1 only
    • b)
      2 only
    • c)
      Both 1 and 2
    • d)
      Neither 1 nor 2
    Correct answer is option 'D'. Can you explain this answer?
    Most Upvoted Answer
    Consider the following statements with reference to the Start-up Indi...
    • Startup India Seed Fund Scheme (SISFS) has been approved for the next four years, starting from 2021-22. It will be implemented with effect from 1st April 2021.
    • It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. So, statement (1) is correct.
    • Rs. 945 Crores corpus will be divided over the next four years for providing seed funding to eligible startups through eligible incubators across India. The scheme is expected to support about 3600 startups.
    • Nodal Department: Department for Promotion of Industry and Internal Trade. So, statement (2) is correct. " The SISFS will Secure seed funding, Inspire innovation, Support transformative ideas, Facilitate implementation, and Start a startup revolution.
    • The Scheme will create a robust startup ecosystem, particularly in Tier 2 and Tier 3 towns of India, which are often deprived of adequate funding.
    Therefore, the correct answer is d.
    Explore Courses for UPSC exam

    Top Courses for UPSC

    Consider the following statements with reference to the Start-up India Seed Fund Scheme: It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. The Department for Promotion of Industry and Internal Trade is the nodal department for the scheme. Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
    Question Description
    Consider the following statements with reference to the Start-up India Seed Fund Scheme: It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. The Department for Promotion of Industry and Internal Trade is the nodal department for the scheme. Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. 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 Consider the following statements with reference to the Start-up India Seed Fund Scheme: It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. The Department for Promotion of Industry and Internal Trade is the nodal department for the scheme. Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to the Start-up India Seed Fund Scheme: It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. The Department for Promotion of Industry and Internal Trade is the nodal department for the scheme. Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
    Solutions for Consider the following statements with reference to the Start-up India Seed Fund Scheme: It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. The Department for Promotion of Industry and Internal Trade is the nodal department for the scheme. Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
    Here you can find the meaning of Consider the following statements with reference to the Start-up India Seed Fund Scheme: It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. The Department for Promotion of Industry and Internal Trade is the nodal department for the scheme. Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements with reference to the Start-up India Seed Fund Scheme: It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. The Department for Promotion of Industry and Internal Trade is the nodal department for the scheme. Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Consider the following statements with reference to the Start-up India Seed Fund Scheme: It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. The Department for Promotion of Industry and Internal Trade is the nodal department for the scheme. Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements with reference to the Start-up India Seed Fund Scheme: It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. The Department for Promotion of Industry and Internal Trade is the nodal department for the scheme. Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements with reference to the Start-up India Seed Fund Scheme: It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. The Department for Promotion of Industry and Internal Trade is the nodal department for the scheme. Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
    Explore Courses for UPSC exam

    Top Courses for UPSC

    Explore Courses
    Signup for Free!
    Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
    10M+ students study on EduRev