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Question

Which of the following statements are correct regarding grants provided to FinTech firms under the FinTech Incentive Scheme, 2022?

i) FinTech entities are eligible for only one-time grants under PoC Grant, Start-Up Grant or Sandbox Grant.

ii) The number of FinTechs eligible for Accelerator grant is 20.

iii) The grant used to support domestic FinTechs aspiring to list on recognized stock exchanges is called a listing support grant.

A Only statement i is correct. Correct Answer Incorrect Answer
B Statements ii and iii are correct Correct Answer Incorrect Answer
C Only statement iii is correct Correct Answer Incorrect Answer
D All statements are correct. Correct Answer Incorrect Answer
E None of the statements are correct. Correct Answer Incorrect Answer

Solution

The number of FinTechs eligible for Accelerator grant is 10, not 20. The grant used to support domestic FinTechs aspiring to list on recognized stock exchanges is called a listing support grant, not an accelerator grant.)

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