Government will create how much corpus fund for development and growth of innovation driven enterprises ?
A. Rs 20,000 crore
B. Rs 10,000 crore
C. Rs 1,000 crore
D. Rs 5,000 crore
Answer:B
Government will create how much corpus fund for development and growth of innovation driven enterprises ?
A. Rs 20,000 crore B. Rs 10,000 crore C. Rs 1,000 crore D. Rs 5,000 crore
Explanation: Prime Minister Narendra Modi on Saturday said the government will create Rs 10,000 crore corpus fund for development and growth of innovation driven enterprises. PM Modi announced a plethora of incentives, from easy registration to easy exit, for startups in the country. These include a Self certification regime, freedom from Inspector-raj, a number of Tax exemptions, strong IPR regime and legal assistance, easy Exit Policy to safeguard against any fear of failure. Startups will also enjoy a 3-year Income Tax holiday and patent fee fro such ventures will be reduced by 80%.