How much support has the Technology Development Board approved for Ubifly Technologies under the RDI Fund?
- A.Rs 150 crore
- B.Rs 285 crore
- C.Rs 570 crore
- D.Rs 1,000 crore
Show answer
Correct answer: B. Rs 285 crore
Explanation
The correct answer is Rs 285 crore. The Technology Development Board, which functions under the Department of Science and Technology, approved that amount for Ubifly Technologies Private Limited of Chennai out of the Research Development and Innovation Fund, for its indigenous ePlane advanced air mobility solution. Option C is the figure most likely to mislead a candidate: it is the total approved cost of the project, not the Board's share, so the Board is meeting roughly half of the outlay while the rest comes from elsewhere. Option A and option D do not appear anywhere in the announcement and are simply plausible-looking amounts. The support is being extended through Optionally Convertible Debentures rather than as an outright grant, and its stated purpose is to carry the technology from Technology Readiness Level 6 to Level 9, which is the stage of an operationally demonstrated system.