Question

Evaluate the statements about the Seed Fund for Women Entrepreneurs.

1. The scheme aims to encourage the development of innovative, technology-based businesses in Kerala.
2. The moratorium period for these seed funds has been extended to 2 years.
3. The scheme is primarily for service startups and SMEs in trade.
4. A woman co-founder must hold a minority stake in the startup.

• A. All
• B. None of these
• C. 1, 2
• D. 3, 4

Answer 1

Answer:

C. 1, 2

• The Seed Support scheme, implemented by the Kerala Startup Mission (KSUM), is a government initiative aimed at fostering the creation and growth of innovative, technology-driven enterprises within Kerala.

• This program seeks to stimulate the state's economy through the establishment of new ventures, job creation, and the attraction of private investment.

• A significant update to this scheme is the extension of the moratorium period for seed funds to two years, from the previous one-year duration.

• The fund is generally not intended for service-based startups or small and medium enterprises (SMEs) focused on trade and commerce, but rather on product and technology innovation.