As of 5 November 2026, which of the following are eligibility criteria for ordinary DPIIT startup…
Statements II and III are correct. Ordinary recognition permits entities up to ten years old and includes private limited companies, registered partnerships, limited…
Choose your answer
As of 5 November 2026, which of the following are eligibility criteria for ordinary DPIIT startup recognition under Startup India?
I. Age of startup should not be more than three years
II. It should work towards development or improvement of a product, process or service and/or have a scalable business model with high potential for wealth and employment generation.
III. Must be a Private Limited company, Registered Partnership firm, Limited Liability Partnership or Cooperative Society.
IV. Has a patent granted in areas affiliated with the nature of the business being promoted.
Answer and explanation
Correct answer B
Statements II and III are correct. Ordinary recognition permits entities up to ten years old and includes private limited companies, registered partnerships, limited liability partnerships and cooperative societies. Innovation or a scalable business model is an eligibility condition, whereas a granted patent is not compulsory.
Practice for these exams
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Jammu & Kashmir and Ladakh SET (JKSET/LASET)