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

AINR 10 Lakhs

BINR 20 Lakhs

CINR 30 Lakhs

DINR 50 Lakhs

Answer:

C. INR 30 Lakhs

Read Explanation:

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.


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