CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When will PM Modi hold interactions with the startups?
A
January 15
B
January 18
C
January 17
D
January 16
Explanation: 

Detailed explanation-1: -For instance, startups are eligible for a variety of benefits under the Startup India Action Plan, including tax incentives and exemptions, loans at reduced interest rates, skill development programs, prioritization of startups in public procurement, etc.

Detailed explanation-2: -Fund of Funds for Startups (FFS) Scheme: The Government has established FFS with corpus of Rs. 10,000 crore, to meet the funding needs of startups. DPIIT is the monitoring agency and Small Industries Development Bank of India (SIDBI) is the operating agency for FFS.

Detailed explanation-3: -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.

Detailed explanation-4: -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.

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