The 'Startup India' initiative to foster entrepreneurship and promote innovation was launched by the Government of India in which year?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → 2016
Startup India was launched on 16 January 2016, after the Prime Minister had announced it in his Independence Day speech of 15 August 2015. Under it, the Department for Promotion of Industry and Internal Trade (DPIIT) recognises startups, which then get tax benefits, easier compliance and help with patents and funding.