Question 92

The Government of India has launched the following initiative a few years ago to drive the new age ideas and enterprises :

Solution

The Government of India launched the Start-Up India initiative in 2016 to foster innovation, encourage entrepreneurship, and support new-age ideas and enterprises. This program focuses on building a robust startup ecosystem by providing financial support, simplifying regulations, and promoting collaboration between startups and government or private entities.

A) Production Linked Incentive (PLI): A scheme to boost domestic manufacturing and exports in specific sectors by linking incentives to production. It targets established industries rather than startups.

B) Special Economic Zone (SEZ): Focuses on promoting exports and investments by creating industrial zones with favourable economic laws but not directly aimed at startups.

C) Technology Development Board: Provides financial assistance for commercializing indigenous technologies but is not a comprehensive startup ecosystem program.

Therefore, the correct answer is option D.


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