Which Union Ministry launched the ‘GENESIS initiative’?
A
Ministry of Commerce and Industry
B
Ministry of Electronics and Information Technology
C
Ministry of MSME
D
Ministry of Education
Answer:
The correct option is B. Ministry of Electronics and Information Technology
Note
Ministry of Electronics and Information Technology (MeitY) launched the
Gen-Next Support for Innovative Startups (GENESIS) initiative in July 2022,
with an outlay of more than Rs 750 crore. Under the scheme, the central
government will promote over 10,000 startups in the next five to six years.
GENESIS is a National Deep-tech Startup Platform, to support and create
successful startups in Tier-II and Tier-III cities of India.