CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which government organisation developed its start up rules in India?
A
Department of Agriculture
B
Department of Communications
C
Department of Industrial Policy and Promotion (DIPP)
D
Department of Income Tax
Explanation: 

Detailed explanation-1: -Department for Promotion of Industry and Internal Trade (DPIIT) recognized startups create over 8.6 lakh direct jobs since the launch of Startup India. The Government with an intent to build a strong ecosystem for nurturing innovation and startups in the country launched Startup India initiative on 16th January 2016.

Detailed explanation-2: -The government of India introduced the Startup India Seed Fund Scheme on January 16, 2021, for relatively early-stage enterprises. The Indian government allotted a total budget of ₹945 Crores. It was anticipated that it would provide financing to 3600 businesses and 300 incubators.

Detailed explanation-3: -Credit Guarantee Fund Trust for Micro and Small Entreprises (CGTMSE) Software Technology Park (STP) Scheme. The Venture Capital Assistance Scheme (VCA)

Detailed explanation-4: -Since the launch of the initiative on 16th January, 2016, Startup India has rolled out several programs with the objective of supporting entrepreneurs, and transforming India into a country of job creators instead of job seekers.

There is 1 question to complete.