Question
Consider the following statements with respect to the
Funds for Startups (FFS) Scheme- I. The Government has established FFS with a corpus of Rs. 10,000 crore, to meet the funding needs of startups. II. SIDBI is the monitoring agency and DPIIT is the operating agency for FFS. III. Startups are provided with an 80% rebate in filing of patents and 50% rebate in filing of trademark vis-a-vis other companies. Which of the following statements is/are TRUE?Solution
The Government has established FFS with a corpus of Rs. 10,000 crore, to meet the funding needs of startups. Department for Promotion of Industry and Internal Trade (DPIIT) is the monitoring agency and Small Industries Development Bank of India (SIDBI) is the operating agency for FFS. Startups are provided with an 80% rebate in filing of patents and 50% rebate in filing of trademark vis-a-vis other companies.
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