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Union Minister Piyush Goyal Launched SISFS

Published on April 20, 2021
Current Context: Union Minister of Commerce and Industry, Piyush Goyal launched the Startup India Seed Fund Scheme (SISFS).
Union Minister Piyush Goyal Launched SISFS
  • 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
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