Consider the following statements regarding Startup India campaign 1 It aims at promo...........

Economic Affairs Make in India

Download Solution PDF

Consider the following statements regarding Startup India campaign:

1. It aims at promoting bank financing for start-up ventures to boost entrepreneurship.

2. It was launched on 16th January, 2015

3. Rural India's version of Startup India is named as ‘Deen Dayal Upadhyay Swaniyojan Yojana’.

Select the correct statement from the following codes:

1 and 2 only

1 and 3 only

1 only

All of the above

छोटे Courses बड़े Results

Master Make in India

Prepare through Micro-courses

Try Now

Explanation:

Startup India is a flagship initiative launched by the Government of India on 16th January, 2016 to build a strong eco-system for nurturing innovation and startups in the country which will drive economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower startups to grow through innovation and design.

The Standup India scheme was launched on 5th April, 2016 to facilitate bank loans from Scheduled Commercial Banks (SCBs) between Rs.10 lakh to Rs.1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) and one woman per bank branch for setting up a greenfield enterprise in trading, services or manufacturing sector. The scheme is expected to benefit at least 2.5 lakh borrowers.