What is the total financial outlay of the PRIP Scheme?
- A.Rs 1,600 crore
- B.Rs 3,000 crore
- C.Rs 5,000 crore
- D.Rs 10,000 crore
Correct answer
Explanation
The correct answer is Rs 5,000 crore. This is the outlay with which the scheme aims to strengthen India's pharmaceutical and medical technology research and development ecosystem. Option A is the amount already committed under the first call, when 41 projects were approved for roughly that sum, so it is a real figure from the announcement but not the outlay, and it is the distractor most likely to be picked. Options B and D are round figures that do not appear in the announcement at all. A useful way to hold this together is to remember that a little under a third of the outlay has been committed in the first round, with evaluation of the remaining first-round applications still going on and results expected over the following month.
Read the full article: PRIP Scheme Adds Discovery Track With Aid up to Rs 50 Crore
Practice Questions
What is the maximum financial assistance available under the New Discovery track of the PRIP Scheme?
- A.Rs 5 crore
- B.Rs 25 crore
- C.Rs 50 crore
- D.Rs 100 crore
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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.
Read the full explanation →PRIP, the scheme under which the New Discovery track has been announced, stands for which of the following?
- A.Promotion of Research and Innovation in Pharma and MedTech
- B.Pharmaceutical Research and Industrial Promotion
- C.Programme for Rural Innovation in Pharmaceuticals
- D.Production Reform and Innovation Partnership
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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.
Read the full explanation →Under the New Discovery track, projects at which Technology Readiness Levels are eligible to apply?
- A.TRL 1, 2 or 3
- B.TRL 4, 5 or 6
- C.TRL 6, 7 or 8
- D.Any level from TRL 1 to TRL 9
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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.
Read the full explanation →Which three Apex Corporations of the Ministry of Social Justice and Empowerment brought artisans to IITF 2026?
- A.NSFDC, NBCFDC and NSKFDC
- B.NSFDC, NABARD and SIDBI
- C.TRIFED, NBCFDC and KVIC
- D.NSKFDC, NHFDC and NMDFC
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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.
Read the full explanation →How many artisans are taking part in the Social Justice Ministry's pavilion at the 45th India International Trade Fair 2026?
- A.More than 130 artisans from 19 states
- B.More than 190 artisans from 13 states
- C.More than 500 artisans from 28 states
- D.More than 75 artisans from 9 states
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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.
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