2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3 years
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5 years
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4 years
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7 years
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Detailed explanation-1: -The startups thereafter, are able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or nancial institutions. 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: -Startup India Seed Fund Scheme (SISFS) provides financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialization.
Detailed explanation-3: -To build a startup conducive ecosystem the Government of India launched a Startup India Seed Fund Scheme on the 16th of January 2014 to provide opportunities for the growth of the enterprises. Financial assistance of up to Rs. 50 lakh will be provided to the startups at an early stage through the incubators.
Detailed explanation-4: -In the Budget 2022-23, the government had allocated Rs 283.5 crore for the Startup India Seed Fund Scheme, which was higher than the Revised Estimates of about Rs 100 crore in the previous budget. The budgetary allocations for the Fund of Funds for Startups stood at Rs 1, 000 crore.