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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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