'Smart Card' launched by MSME Minister for Startups

Current Context: The ‘Smart Card’ was launched by the Micro, Small and Medium Enterprises (MSME) Minister of Tamil Nadu, T.M. Anbarasan.

• This initiative was rolled out on Wednesday, February 7, 2024.
• The ‘Smart Card’ offers a comprehensive selection of products and services at subsidised rates, specially tailored to meet the needs of startups in their early stages.
• The products and services offered through the ‘Smart Card’ have been broadly classified into six different categories: legal and compliance, marketing/business consulting, finance and insurance, human resource and smart workspace, software and IT/ITES.
• During the launch event, the MSME Minister also gave away sanction orders to four startups run by entrepreneurs from Scheduled Caste and Scheduled Tribe communities, amounting to ₹9.05 crore under the Tamil Nadu SC/ST Startup Fund as equity investment.
• He also launched products and services of 20 startups run by women entrepreneurs under the Women Launchpad initiative.

Question:

Q.1 What is the total amount sanctioned to four startups run by entrepreneurs from Scheduled Caste and Scheduled Tribe communities under the Tamil Nadu SC/ST Startup Fund?
a. ₹5.05 crore
b. ₹6.05 crore
c. ₹7.05 crore
d. ₹9.05 crore