Which type of costs are explicitly excluded from being covered by 'R&D Grants'?

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AMaterial costs

BManpower or hiring costs

CPrototype development costs

DTesting equipment costs

Answer:

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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