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Consider the following statements with reference to the GREAT Scheme:
1. It supports individual entrepreneurs for functional prototypes of their technologies for Technical Textile.
2. Under this initiative grant-in-aid will be provided to young innovators.
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 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements with reference to the GREAT Scheme:1...
Recently, the Empowered Programme Committee (EPC) of National Technical Textiles Mission (NTTM) has approved 7 startup proposals under the GREAT scheme.
- Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT) encourages young innovators, scientists/technologists, and startup ventures in the field of Technical Textiles to translate their ideas into commercial technologies/products and make India self-reliant.
- It supports individual entrepreneurs or start-ups for functional prototypes or commercialization of their technologies for Technical Textile
- Funding:
- A grant-in-aid of up to Rs 50 lakh for up to a period of 18 months will be provided.
Key facts about National Technical Textiles Mission
- It was launched to increase the penetration level of technical textiles in India while leveraging the extraordinary growth rate of the sector.
- The mission aims to position India as a global leader in Technical Textiles.
- Components:
- Research, Innovation and Development
- Promotion and Market Development
- Export Promotion
- Education, Training, Skill Development
- Nodal Ministry: Ministry of Textiles
- Time period: It has been approved with an implementation period of four years, starting from FY 2020-21 till FY 2023-24.
Hence both statements are correct.
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Consider the following statements with reference to the GREAT Scheme:1...
Explanation:
GREAT Scheme:
The GREAT (Grant for Research and Technological Enterprise) Scheme is an initiative by the Ministry of Textiles aimed at promoting innovation and entrepreneurship in the technical textile sector.
Statement Analysis:
1. It supports individual entrepreneurs for functional prototypes of their technologies for Technical Textile.
This statement is correct. The GREAT Scheme provides support to individual entrepreneurs for developing functional prototypes of their technologies specifically for the technical textile sector. This assistance helps in fostering innovation and development in this specialized field.
2. Under this initiative grant-in-aid will be provided to young innovators.
This statement is also correct. The GREAT Scheme offers grant-in-aid to young innovators who are looking to develop innovative solutions in the technical textile sector. This financial assistance helps in nurturing young talent and encouraging entrepreneurship in the field.
Conclusion:
Both statements are correct. The GREAT Scheme supports individual entrepreneurs in developing functional prototypes for technical textiles and provides grant-in-aid to young innovators to promote innovation in the sector.
GREAT Scheme:
The GREAT (Grant for Research and Technological Enterprise) Scheme is an initiative by the Ministry of Textiles aimed at promoting innovation and entrepreneurship in the technical textile sector.
Statement Analysis:
1. It supports individual entrepreneurs for functional prototypes of their technologies for Technical Textile.
This statement is correct. The GREAT Scheme provides support to individual entrepreneurs for developing functional prototypes of their technologies specifically for the technical textile sector. This assistance helps in fostering innovation and development in this specialized field.
2. Under this initiative grant-in-aid will be provided to young innovators.
This statement is also correct. The GREAT Scheme offers grant-in-aid to young innovators who are looking to develop innovative solutions in the technical textile sector. This financial assistance helps in nurturing young talent and encouraging entrepreneurship in the field.
Conclusion:
Both statements are correct. The GREAT Scheme supports individual entrepreneurs in developing functional prototypes for technical textiles and provides grant-in-aid to young innovators to promote innovation in the sector.
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Consider the following statements with reference to the GREAT Scheme:1. It supports individual entrepreneurs for functional prototypes of their technologies for Technical Textile.2. Under this initiative grant-in-aid will be provided to young innovators.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 'C'. Can you explain this answer?
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Consider the following statements with reference to the GREAT Scheme:1. It supports individual entrepreneurs for functional prototypes of their technologies for Technical Textile.2. Under this initiative grant-in-aid will be provided to young innovators.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 'C'. 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 GREAT Scheme:1. It supports individual entrepreneurs for functional prototypes of their technologies for Technical Textile.2. Under this initiative grant-in-aid will be provided to young innovators.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 'C'. 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 GREAT Scheme:1. It supports individual entrepreneurs for functional prototypes of their technologies for Technical Textile.2. Under this initiative grant-in-aid will be provided to young innovators.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 'C'. Can you explain this answer?.
Consider the following statements with reference to the GREAT Scheme:1. It supports individual entrepreneurs for functional prototypes of their technologies for Technical Textile.2. Under this initiative grant-in-aid will be provided to young innovators.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 'C'. 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 GREAT Scheme:1. It supports individual entrepreneurs for functional prototypes of their technologies for Technical Textile.2. Under this initiative grant-in-aid will be provided to young innovators.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 'C'. 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 GREAT Scheme:1. It supports individual entrepreneurs for functional prototypes of their technologies for Technical Textile.2. Under this initiative grant-in-aid will be provided to young innovators.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 'C'. Can you explain this answer?.
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