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‘SAMRIDH’ Programme

Published on August 26, 2021
Current Context: The Ministry of Electronics & Information Technology has launched the ‘SAMRIDH’ Programme.
‘SAMRIDH’ Programme
  • The SAMRIDH signifies: Start-up Accelerators of MeitY for Product Innovation, Development and growth.
  • The programme will support 300 IT-based startups for a duration of 6 months.
  • The programme aims to create 100 unicorns from the selected IT/Software based startups by offering them funds, mentor guidance and access to the markets.
  • Under the programme, the ministry will grant seed capital of upto Rs 40 lakh and mentor guidance to the selected startups.
  • The programme will be executed on the basis of Ycombinator, which is a successful startup accelerator initiative in the United States.
  • Through this programme, the software-based startups will be able to enhance their products, upscale their businesses and enhance capacity building.
  • The launching of the programme was made by Union Minister MeitY, Ashwini Vaishnav.

Question: 

Q.1 For what purpose was the ‘SAMRIDH’ Programme launched by MeitY?
a. To support and uplift IT based startups
b. To reduce malnutrition in tribal areas
c. To educate girls in tribal areas
d. To setup vaccination drives against COVID-19
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