Question
Which of the following statements is true regarding the
Startup India scheme?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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