CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In The ‘Innovation Policy for Indian Railways’, what is the maximum limit of the grant provided to innovators?
A
Rs 1.5 Crore
B
Rs 10 lakh
C
Rs 50 lakhs
D
Rs 25 lakh
Explanation: 

Detailed explanation-1: -Maximum amount of grant of up to Rs. 1.5 Cr can be given per Page 9 Page | 5 Innovator. Even for cases where the total cost of project exceeds Rs 3.0 Cr, the funding from IR shall be limited to a maximum of Rs. 1.5 Cr only.

Detailed explanation-2: -Also referred as ‘Start-Ups for Railways’, the policy seeks to provide up to Rs. 1.5 Crore to innovators on equal sharing basis.

Detailed explanation-3: -Minister of Railways, Mr. Ashwini Vaishnaw, launched the Indian Railway Innovation Policy- “Start-ups for Railways” in June 2022. This policy would grant funding to Indian start-ups, MSMEs, entrepreneurs, and innovators for the development of cutting-edge products and cost-effective solutions.

Detailed explanation-4: -The cant gradient in any case should not be steeper than 1 in 360 ( 2.8 mm. per metre) on B.G. and 1 in 720 (1.4 mm. per metre ) on M. G. and N. G.

There is 1 question to complete.