Question : Case Study 13: Startup India Initiative
A group of young entrepreneurs founded a technology startup with an innovative software product. They applied for the Startup India initiative, which provided various benefits and exemptions to support their business. Question:
The Startup India initiative aims to:
Option 1: Discourage startups from entering the market
Option 2: Provide benefits to well-established businesses
Option 3: Support and promote new business ventures
Option 4: Increase government control over startups
Correct Answer: Support and promote new business ventures
Solution : The correct answer is (c) Support and promote new business ventures
The primary objective of the Startup India initiative is to support and promote new business ventures, particularly startups. It provides a range of benefits, incentives, and exemptions to encourage the growth and development of startups, fostering innovation and entrepreneurship in the country.
College Comparison based on Courses, Placement, Rank, Fee
How did the Startup India initiative benefit the tech startup?
Option 1: By increasing their taxes
Option 2: By providing benefits and exemptions
Option 3: By limiting their access to funding
Option 4: By promoting overseas competition
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile