MeitY Launches 2nd Cohort of SAMRIDH to Support Startups

Current Context: The Ministry of Electronics and Information Technology (MeitY) has launched the second cohort of the Startup Accelerators of MeitY for Product Innovation, Development, and Growth (SAMRIDH) program.

• This initiative, launched on September 4, 2024, by MeitY Secretary Shri S. Krishnan, is part of the Government of India’s 100-day agenda.
• The second cohort aims to select and support 125 startups through established accelerators, to nurture a total of 300 startups.
• The SAMRIDH program, which began in August 2021, provides funding support, mentorship, and services to help startups become market-ready, develop business plans, connect with investors, and expand internationally.

Question:

1 Which ministry launched the second cohort of the SAMRIDH program?

• A) Ministry of Commerce and Industry
• B) Ministry of Electronics and Information Technology
• C) Ministry of Small and Medium Enterprises
• D) Ministry of Science and Technology

Answer: B) The Ministry of Electronics and Information Technology (MeitY) launched the second cohort of the SAMRIDH program.