Question : Case Study 4: Government Schemes for Entrepreneurs
A group of young entrepreneurs came up with an innovative idea for a mobile application that promotes mental well-being and offers counseling services. To support their venture, they decided to explore various government schemes and financial assistance programs.
Question:
Which government scheme should the entrepreneurs look into for financial support?
Option 1: Pradhan Mantri Awas Yojana
Option 2: Pradhan Mantri Kaushal Vikas Yojana
Option 3: Startup India
Option 4: MGNREGA
Correct Answer: Startup India
Solution : The correct answer is (c) Startup India
Startup India is a government scheme in India that provides various benefits and support to startup ventures, including financial assistance, tax benefits, and other incentives. It is specifically designed to encourage and support entrepreneurship and innovation. Therefore, the entrepreneurs involved in the mobile application promoting mental well-being may find relevant financial support under the Startup India initiative.
What type of services does the entrepreneurs' mobile application provide?
Option 1: Food delivery
Option 2: Mental well-being and counseling
Option 3: Ride-sharing
Option 4: E-commerce platform
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
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