Question : How much amount is reserved for the "National Biopharma Mission" named 'I3' by the Government of India?
Option 1: USD 250 million
Option 2: USD 350 million
Option 3: USD 500 million
Option 4: USD 150 million
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Correct Answer: USD 250 million
Solution : The correct answer is USD 250 million .
The Government of India is providing financial support for the Department of Biotechnology's (DBT) ambitious Mission. It was introduced in 2017 with a 250 million investment. The World Bank would contribute US$125 million, or 50% of the financing. The purpose of this program's establishment was to encourage entrepreneurship and strengthen domestic manufacturing capacity in the industry.
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