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1 mark

What is the primary objective of the 'Startup India' initiative?

  1. A
    It provides subsidies for research and development activities
  2. B
    It encourages innovation and entrepreneurship
  3. C
    It regulates the establishment of small and medium enterprises
  4. D
    It provides tax incentives

Solution & Step-by-step Explanation

The 'Startup India' initiative was launched by the Government of India on January 16, 2016. Its primary core objective is to build a strong ecosystem that nurtures innovation and encourages entrepreneurship, driving sustainable economic growth and generating large-scale employment opportunities.

Practice this question

Try it yourself before checking the explanation above.

What is the primary objective of the 'Startup India' initiative?
A
It provides subsidies for research and development activities
B
It encourages innovation and entrepreneurship
C
It regulates the establishment of small and medium enterprises
D
It provides tax incentives

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Government SchemesStartup IndiaEconomy

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