With reference to the SAMRIDH Programme, recently seen in the news, consider the following statements: 1. The Ministry of Electronics and Information Technology (MeitY) is the nodal ministry of this programme. 2. Under the programme, selected accelerators receive financial support of ₹2 lakh per startup, while eligible startups can receive matching funding of up to ₹40 lakh. Which of the statements given above is/are correct? |ForumIAS

Q. With reference to the SAMRIDH Programme, recently seen in the news, consider the following statements:
1.The Ministry of Electronics and Information Technology (MeitY) is the nodal ministry of this programme.
2.Under the programme, selected accelerators receive financial support of ₹2 lakh per startup, while eligible startups can receive matching funding of up to ₹40 lakh.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Explanation: Both 1 and 2

Statement 1 is correct: SAMRIDH stands for Startup Accelerator of MeitY for Product Innovation, Development and Growth. It is designed to accelerate around 300 startups through existing and upcoming accelerators across sectors including Health-tech, Ed-tech, Agri-tech, Consumer-tech, Fin-tech, SaaS and sustainability.

Statement 2 is correct: The programme provides ₹2 lakh per startup to selected accelerators, along with matching funding to startups up to ₹40 lakh, as per the programme guidelines.

Source: DD News

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