- The SISFS aims to grant financial assistance to the startups for prototype development, proof of development, market-entry, commercialization, and product trials.
- The scheme will prove beneficial to domestic entrepreneurs and startups. The scheme will help to implement all those business ideas which the entrepreneurs are unable to implement because of a shortage of capital.
- The SISFS will grant seed funding, support the transformative ideas, inspire innovation and implement the ideas.
- The funds of Rs 945 crore has been allocated for the scheme and will benefit around 3,600 startups particularly in tier-2 and 3 cities.
- The Expert Advisory Committee is formed which will monitor the execution of the SISFS.
Question:
Q.1 Which minister launched the Startup India Seed Fund Scheme (SISFS) with a fund corpus of Rs 945 crore in April 2021?
a. Nitin Gadkari
b. Kiren Rijiju
c. Narendra Singh Tomar
d. Piyush Goyal
a. Nitin Gadkari
b. Kiren Rijiju
c. Narendra Singh Tomar
d. Piyush Goyal
