Which of the following government schemes was launched to provide financial assistance to start-ups for proof of concept, prototype development, product trials, market entry and commercialisation on 19 April 2021?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Start-up India Seed Fund Scheme (SISFS).
The Start-up India Seed Fund Scheme (SISFS) was launched on April 19, 2021. It offers crucial financial aid to startups at various early stages. This includes support for developing proof of concept, creating prototypes, conducting product trials, and navigating market entry and commercialization. The scheme aims to foster innovation and growth within the Indian startup ecosystem.