Which of the following government schemes was launched to provide financial assistance to start-ups for proof of concept, prototype development, product trials, market entry and commercialisation on 19 April 2021?
- AStart-up India Seed Fund Scheme (SISFS)
- BPradhan Mantri Rozgar Yojana (PMRY)
- CProcurement and Marketing Support (PMS) Scheme
- DPradhan Mantri MUDRA Yojana (PMMY)
Solution & Step-by-step Explanation
The Startup India Seed Fund Scheme (SISFS) was officially launched by the Department for Promotion of Industry and Internal Trade (DPIIT) on April 19, 2021.
Objective: It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.
Funding: It enables startups to graduate to a level where they can raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.
Objective: It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.
Funding: It enables startups to graduate to a level where they can raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.