Question
Which of the following statements about MeitY's Centres
of Excellence (CoEs) is/are correct? 1. CoEs are operationalized with the participation of MeitY, STPI, State Governments, and industries. 2. The CoE in FinTech at STPI-Chennai provides resources and mentorship to emerging startups. 3. CoEs focus exclusively on the FinTech and IoT sectors. 4. The tenure of CoEs established under administrative approval on 07.12.2018 was initially valid for 5 years.Solution
Statements 1, 2, and 4 are correct. CoEs are set up with collaborative efforts of multiple stakeholders, focus on diverse technology areas including FinTech, and had an initial 5-year tenure from 07.12.2018. Statement 3 is incorrect as CoEs span diverse sectors beyond FinTech and IoT.
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