- This platform will provide an opportunity for the start-ups to connect with the national transporter. Out of more than In Phase 1, eleven problem statements such as rail fracture, headway reduction, etc., have been taken up.
- The startups will get support from the national transporter in form of a 50% capital grant, scale, assured market, and ecosystem.
- Apart from that entire process from floating the problem statement to prototype development is online with a defined timeline to make it objective and transparent.
- Prototypes trials will be done on Indian Railways. On the successful performance of prototypes, enhanced funding will be provided to scale up deployment.
- Innovators will be selected by a transparent and fair system which will be dealt with through an online portal.
- Developed Intellectual property rights will only remain with the innovator.
- It has also provided the provision of de-centralization of the complete process of product development at the divisional level to avoid delays.
Question:
Q.1 As per the Indian Railway Innovation Policy, what percentage of the grant will be provided through the national transporter for all start-ups?a. 30%
b. 50%
c. 20%
d. 10%
