Consider the following statements regarding Department of Industrial Policy and Promotion or D...........

Economic Affairs Industrial Policy and Industrial Growth

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Consider the following statements regarding Department of Industrial Policy and Promotion or DIPP:

1. DIPP was established in 1995 under the Ministry of Commerce and Industry.

2. It is nodal agency behind Start-Up India Scheme.

3. It has been reassigned the task of granting licensing for defence manufacturing.

Which of the above statements is/are correct?

1 and 2 only

1 and 3 only

2 and 3 only

1, 2 and 3

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Explanation:

DIPP was first established in 1995 and reconstituted in 2000 and merged with Department of Industrial Development. It falls under Ministry of Commerce and Industry. It is responsible for overall industrial policy.The department was renamed as DPIIT in January 2019.

Earlier the task for giving licenses for defence manufacturing was given to Union Home Ministry. Considering the workload on the Home Ministry, the DIPP has been given the power back to grant licenses for defence manufacturing.

It also deals with start ups