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Government SchemesMedium

What is the maximum financial assistance available under the New Discovery track of the PRIP Scheme?

  1. A.Rs 5 crore
  2. B.Rs 25 crore
  3. C.Rs 50 crore
  4. D.Rs 100 crore

Correct answer

C. Rs 50 crore

Explanation

The correct answer is Rs 50 crore. The Department of Pharmaceuticals announced that the New Discovery track will provide financial assistance of up to this amount per company, per project or per portfolio of projects, subject to minimum co-funding of a quarter of the project cost from bona fide institutional investors. Option A is the ceiling of the Early Stage track, which supports start-ups and MSMEs at the lowest readiness levels, so it is a genuine figure but from a different track. Option D is the ceiling of the Later Stage track, which applies to projects at higher readiness levels and is capped at a share of the approved cost. Option B is not a ceiling under any of the three tracks. Learn the three ceilings as a set, since the paper setter swaps them between tracks.

Read the full article: PRIP Scheme Adds Discovery Track With Aid up to Rs 50 Crore

Practice Questions

Q1.Government SchemesMedium

PRIP, the scheme under which the New Discovery track has been announced, stands for which of the following?

  1. A.Promotion of Research and Innovation in Pharma and MedTech
  2. B.Pharmaceutical Research and Industrial Promotion
  3. C.Programme for Rural Innovation in Pharmaceuticals
  4. D.Production Reform and Innovation Partnership
Show answer
Correct answer: A. Promotion of Research and Innovation in Pharma and MedTech

The scheme is run by the Department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers, and it is designed to strengthen the country's pharmaceutical and medical technology research ecosystem by helping start-ups, MSMEs and large companies move up the innovation value chain.

Q3.Government SchemesHard

Under the New Discovery track, projects at which Technology Readiness Levels are eligible to apply?

  1. A.TRL 1, 2 or 3
  2. B.TRL 4, 5 or 6
  3. C.TRL 6, 7 or 8
  4. D.Any level from TRL 1 to TRL 9
Show answer
Correct answer: A. TRL 1, 2 or 3

Start-ups and MSMEs taking up New Chemical Entity or New Biological Entity projects at those three readiness levels may apply under this exclusive track, and the department will support them to progress to higher levels but not beyond TRL 6.

Q4.Government SchemesMedium

Which three Apex Corporations of the Ministry of Social Justice and Empowerment brought artisans to IITF 2026?

  1. A.NSFDC, NBCFDC and NSKFDC
  2. B.NSFDC, NABARD and SIDBI
  3. C.TRIFED, NBCFDC and KVIC
  4. D.NSKFDC, NHFDC and NMDFC
Show answer
Correct answer: A. NSFDC, NBCFDC and NSKFDC

These are the three Apex Corporations named as the route through which the artisans reached the Ministry's pavilion at the fair, and they match the communities the pavilion serves: Scheduled Castes, Backward Classes and Safai Mitras.

Q5.Government SchemesMedium

How many artisans are taking part in the Social Justice Ministry's pavilion at the 45th India International Trade Fair 2026?

  1. A.More than 130 artisans from 19 states
  2. B.More than 190 artisans from 13 states
  3. C.More than 500 artisans from 28 states
  4. D.More than 75 artisans from 9 states
Show answer
Correct answer: A. More than 130 artisans from 19 states

That is the scale of the Ministry of Social Justice and Empowerment's participation in this year's trade fair, and the artisans have reached the pavilion through the Ministry's three Apex Corporations, NSFDC, NBCFDC and NSKFDC.