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      Question

      Consider the following about Startup India: I.

      Startup India initiative was announced by the Prime Minister of India on 15th August, 2015. II. There is no provision under Startup India initiative for sanctioning of funds to startups directly. III. Government of India has established a Fund of Funds for Startups (FFS) with corpus of Rs. 20,000 crores, to meet the funding needs of startups. Which of the above statement is/are not correct?
      A I only Correct Answer Incorrect Answer
      B II only Correct Answer Incorrect Answer
      C III only Correct Answer Incorrect Answer
      D I and II only Correct Answer Incorrect Answer
      E I, II and III only Correct Answer Incorrect Answer

      Solution

      Startup India initiative was announced by the Prime Minister of India on 15th August, 2015. There is no provision under Startup India initiative for sanctioning of funds to startups directly. However, Government of India has established a Fund of Funds for Startups (FFS) with corpus of Rs. 10,000 crores, to meet the funding needs of startups.

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