CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following state government has set-up a dedicated start-up cell for speeding up the implementation of the initiatives under its start-up policy
A
Karnataka
B
Kerala
C
Maharashtra
D
Odisha
Explanation: 

Detailed explanation-1: -Under CLCSS, Govt provides a 15% subsidy for investment up to Rs 1 crore for upgrading technology for startups and MSMEs in India. More than 7500 products/services are covered under this Government scheme. More details can be availed here. Learn more about – What Is CLCSS Or Credit Linked Capital Subsidy Scheme?

Detailed explanation-2: -Pradhan Mantri Mudra Yojana (PMMY) In 2015, the government allocated INR 10, 000 crores to promote startup culture in the country. The MUDRA banks provide startup loans of up to INR 10 lakhs to small enterprises, and businesses, which are non-corporate, and non-farm small/micro-enterprises.

There is 1 question to complete.