Which of the following is the nodal body of the Government of India for the Startup India initiative?
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, is the nodal department for Startup India: it recognises…
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Which of the following is the nodal body of the Government of India for the Startup India initiative?
Answer and explanation
Correct answer C
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, is the nodal department for Startup India: it recognises startups, notifies the recognition rules and runs schemes such as the Fund of Funds for Startups. NITI Aayog hosts the Atal Innovation Mission but does not administer Startup India, the Department of Economic Affairs handles macroeconomic and financial policy, and the Ministry of External Affairs handles foreign relations.
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Common Management Admission Test (CMAT)