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    Question

    Which of the following statements is true regarding the

    Startup India scheme?
    A The scheme focuses on providing loans to micro, small, and medium enterprises (MSMEs). Correct Answer Incorrect Answer
    B It offers funding support, tax exemptions, and an easier regulatory framework for startups. Correct Answer Incorrect Answer
    C The scheme was launched by the Ministry of Finance to promote manufacturing. Correct Answer Incorrect Answer
    D It provides a fixed capital subsidy to all new manufacturing units. Correct Answer Incorrect Answer

    Solution

    • Statement (b) is correct as Startup India provides funding, tax exemptions, and simplified regulations to help startups thrive.
    • Statement (a) is incorrect because Startup India primarily focuses on supporting startups rather than providing loans to MSMEs.
    • Statement (c) is incorrect as Startup India was launched by the Department for Promotion of Industry and Internal Trade (DPIIT), not the Ministry of Finance.
    • Statement (d) is incorrect as Startup India does not provide a fixed capital subsidy for manufacturing units but instead focuses on easing the regulatory environment and offering tax benefits.

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