2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs. 975 Crore
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Rs. 925 Crore
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Rs. 945 Crore
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Rs. 900 Crore
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Detailed explanation-1: -The Startup India Seed Fund Scheme (SISFS) has been approved with a corpus of Rs. 945 crore for the period of 4 years starting from 2021-22.
Detailed explanation-2: -Up to Rs. 20 Lakhs as grant for validation of Proof of Concept, or prototype development, or product trials.
Detailed explanation-3: -The Government will provide up to Rs. 20 Lakhs as a grant for validation of Proof of Concept, or prototype development, or product trials.
Detailed explanation-4: -The funds provided to the startup under this scheme will be up to Rs 50 lakh. The incubators can apply under the startup India seed fund scheme through the official portal. After verifying their application the government will grant them the seed fund.