Which of the following statements is/are correct with reference to the Startup India seed fund?

Answer & Explanation

Option: It was announced during the ‘Prarambh: Startup India International Summit’.

Explanation:

Prime Minister Narendra Modi announced a seed fund worth Rs 1,000 crore for startups to provide them with initial capital to start and grow their business, and said that guarantees would be given to help them raise debt capital going ahead. This was announced during the ‘Prarambh: Startup India International Summit’. This will help in starting and growing new startups.