Which of the following statements is/are correct with reference to the Startup India Seed Fund Scheme (SISFS)?

A. Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22.

B. The Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.

C. Both A & B

D. None of these

Explanation:

Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22. It will be implemented with effect from 1st April 2021. It will be implemented with effect from 1st April 2021. The Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.