The Make in India initiative was launched in which year?
- A.2012
- B.2014
- C.2016
- D.2019
Correct answer
Explanation
The correct answer is B, 2014. Make in India was launched on 25 September 2014 as a national programme to make India a global hub of design and manufacturing, and it is implemented by the Department for Promotion of Industry and Internal Trade under the Ministry of Commerce and Industry. Option A, 2012, is wrong because no such programme existed then; the industrial policy of that period worked through the National Manufacturing Policy of 2011. Option C, 2016, is wrong because that is the year of the Startup India Action Plan, released on 16 January 2016, which candidates often confuse with this one. Option D, 2019, is wrong because that year saw no launch of the kind; the second phase called Make in India 2.0, covering twenty-seven sectors, came later as a continuation and not as a fresh launch. Remember the emblem as well, a striding lion made of cogwheels.
Read the full article: Make in India, Startup India and PLI Scheme Notes
Practice Questions
View allMake in India and Startup India are both implemented by which department?
- A.Department of Economic Affairs
- B.Department for Promotion of Industry and Internal Trade
- C.Department of Revenue
- D.Department of Financial Services
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The correct answer is B, the Department for Promotion of Industry and Internal Trade, known as DPIIT, which works under the Ministry of Commerce and Industry and is the nodal department for both programmes; it also recognises startups and maintains the national single window system.
Read the full explanation →Under the Make in India programme, the share of manufacturing in India's gross domestic product was targeted to be raised to
- A.15 per cent
- B.20 per cent
- C.25 per cent
- D.35 per cent
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The target declared for Make in India was to raise the share of manufacturing in gross domestic product to twenty-five per cent along with the creation of a large number of jobs; the deadline, first set for 2022, was later extended.
Read the full explanation →The Startup India Action Plan was launched on 16 January 2016. That date is now observed every year as
- A.National Entrepreneurship Day
- B.National Startup Day
- C.National MSME Day
- D.National Industry Day
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The government declared that 16 January, the day on which the Startup India Action Plan was released in 2016, would be celebrated as National Startup Day, and the National Startup Awards are associated with the same programme.
Read the full explanation →According to the definition used for recognition under Startup India, an entity may be treated as a startup for a period of up to
- A.Five years from incorporation
- B.Seven years from incorporation
- C.Ten years from incorporation
- D.Fifteen years from incorporation
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Under the definition notified for recognition by DPIIT, an entity qualifies as a startup for up to ten years from the date of its incorporation or registration, provided its turnover has not exceeded one hundred crore rupees in any financial year, it works towards innovation, development or improvement of products…
Read the full explanation →The Fund of Funds for Startups, set up with a corpus of Rs 10,000 crore, is operated by which institution?
- A.Reserve Bank of India
- B.NABARD
- C.Small Industries Development Bank of India
- D.National Housing Bank
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The Fund of Funds for Startups was created in 2016 with a corpus of ten thousand crore rupees and is operated by SIDBI, which does not invest directly in startups but puts money into alternative investment funds registered with the Securities and Exchange Board of India, and those funds in…
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