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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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Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

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.

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