Question

What is the maximum amount that can be given as an 'R & D Grant' to each startup?

• A. INR 10 Lakhs
• B. INR 20 Lakhs
• C. INR 30 Lakhs
• D. INR 50 Lakhs

Answer 1

Answer:

C. INR 30 Lakhs

R & D GRANT

• This is given to hardware startups with a significant R&D component.

• Up to INR 30 Lakh can be given to each startup, and recommendations for nominees will be made during the quarterly reviews.

• R&D grants cannot be used for covering manpower or hiring costs.

• Preference is given to startups that have secured patents or those that are scaling up their product.