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.