Economics • Indian EconomyEasy
What is the primary objective of the 'Startup India' initiative?
A. To build a robust ecosystem that nurtures innovation, startup growth, and employment generation✓ Correct Answer
B. To provide mandatory government employment to all technical graduates
C. To subsidize power tariffs for heavy manufacturing industries in special economic zones
D. To replace traditional micro-finance institutions with state-owned digital lending banks
💡 Solution & Explanation
The Startup India initiative was established to foster a vibrant ecosystem that encourages entrepreneurial innovation, facilitates enterprise growth, and generates widespread employment opportunities across the nation. It does not provide guaranteed government jobs or subsidize heavy industrial power tariffs. The program offers various tax exemptions, compliance reliefs, and funding support to eligible startup ventures. A related institutional mechanism under this initiative is the Fund of Funds managed by SIDBI to provide capital to startups.
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