Which government initiative focuses on promoting innovation and providing support to startups in India?
Show answer & explanation
Correct answer: B
Explanation
Correct Answer:
Startup India
Explanation:
Startup India is a flagship initiative of the Government of India launched in 2016 to promote innovation, entrepreneurship, and startup growth in the country. The program aims to create a supportive ecosystem for startups through funding support, tax benefits, simplified regulations, and easier access to resources and mentorship.
Key Points:
Startup India promotes innovation and entrepreneurship.
It provides support and incentives to startups.
The initiative was launched in 2016.
It aims to create a strong startup ecosystem in India.
Additional Facts:
Startup India offers tax exemptions for eligible startups.
It supports easier registration and compliance procedures.
The initiative encourages job creation and economic growth.
Important Questions:
Q1: When was Startup India launched?
Ans: In 2016.
Q2: What is the main objective of Startup India?
Ans: To promote innovation, entrepreneurship, and startup development.
Q3: What types of support are provided under Startup India?
Ans: Funding support, tax benefits, simplified regulations, and mentorship opportunities.