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With reference to the programme “NIDHI” which of the following statement(s) is/are correct?
The programme of “NIDHI” was started for students to begin start ups.
Its aim is to financially support 20 students for start up in each year.
Select the correct answer from the codes given below.
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Both statements are correct.
National Initiative for Developing and Harnessing Innovations(NIDHI): The programme NIDHI would help the startups with initial / ignition funding and hence would be called Startup-NIDHI.
NIDHI, an umbrella program was pioneered by the Department of Science & Technology (DST), Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups.
Startup-NIDHI aims to support 20 student startups each year financially. Startup-NIDHI would financially support each of the selected startups with Rs 10.00 lakhs which will be given as ignition grant/award.
The startups essentially have to be student startups and should be a student startup of IEDC/NewGen IEDC. Startups selection would be through a national level competition.
Hence option 3rd is correct.
By: Parvesh Mehta ProfileResourcesReport error
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