Correct option is D
Correct Answer is (D) 16th January 2016
Explanation:
The Startup India initiative was launched by Prime Minister Narendra Modi on 16th January 2016 to promote entrepreneurship, innovation, and job creation in India. The initiative provides financial support, tax benefits, regulatory relaxations, and incubation programs to startups, fostering a strong and inclusive startup ecosystem.
Information Booster:
- Implemented by the Department for Promotion of Industry and Internal Trade (DPIIT).
- Startup India Action Plan introduced tax exemptions, funding support, and easier compliance.
- Fund of Funds for Startups (FFS) launched with ₹10,000 crore corpus.
- Startup recognition criteria include innovation, scalability, and DPIIT registration.
- Over 1,17,000 startups recognized under the initiative as of 2024.
- Key benefits include self-certification, patent support, and faster exit options.
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