MPPSC 2018 Prelims Q70: From which year was 'MP Incubation and Start-up Policy'

Q: What is the answer to MPPSC 2018 Prelims Q70?

D. Correct — D, 2016. Madhya Pradesh brought in its 'Incubation and Start-up Policy' in 2016, aligning the state with the Union Government's Startup India initiative (also launched in January 2016). The policy — effective for five years, up to 31 March 2021 — aimed to make MP a preferred destination for start-ups by offering incubation infrastructure ('plug-and-play' space), funding incentives and hand-holding for entrepreneurs.

MPPSC 2018 Prelims Paper-I · Question 70 of 100

Verified against the official question paper. Answer as per the official MPPSC answer key.

From which year was 'MP Incubation and Start-up Policy' implemented?

(a)2013
(b)2014
(c)2015
(d)2016

Answer

Why

Correct — D, 2016. Madhya Pradesh brought in its 'Incubation and Start-up Policy' in 2016, aligning the state with the Union Government's Startup India initiative (also launched in January 2016). The policy — effective for five years, up to 31 March 2021 — aimed to make MP a preferred destination for start-ups by offering incubation infrastructure ('plug-and-play' space), funding incentives and hand-holding for entrepreneurs.

Why the others are wrong

(a)2013 — Too early — this predates both the MP policy and the national Startup India push, which belong to 2016.
(b)2014 — Not the year — the MP Incubation and Start-up Policy was introduced in 2016.
(c)2015 — Just before — Startup India and MP's matching policy both date to 2016, not 2015.

Concept

Around 2016 the Centre launched Startup India (January 2016) and states rolled out their own start-up policies to match it. MP's Incubation and Start-up Policy 2016 set up an ecosystem — incubators, 'plug-and-play' facilities, funding incentives, lease-rental support and special help for women entrepreneurs — and ran for five years, up to 31 March 2021.

Peg the year to Startup India (2016); MP's policy is contemporaneous, so the answer is 2016. The earlier options (2013-2015) all predate the national start-up push and can be eliminated.

Key facts

The MP Incubation and Start-up Policy was implemented from 2016.
It aligned Madhya Pradesh with the Union's Startup India initiative (launched January 2016).
It offered plug-and-play incubation space, funding incentives and start-up hand-holding.
The policy was valid for five years, up to 31 March 2021.

MP Incubation and Start-up Policy vs Startup India

Startup India (national)→Launched January 2016

MP Incubation & Start-up Policy→Implemented 2016 (valid to 31 March 2021)

What it offers→Plug-and-play incubation, funding incentives, start-up hand-holding

MP's policy is contemporaneous with Startup India — the year is 2016.

Study next

Startup India and Standup IndiaBusiness incubators and acceleratorsMake in India and Atmanirbhar BharatMSME support and the Fund of Funds for StartupsState start-up ecosystems and innovation policy

Common traps

Dating MP's policy before the 2016 national start-up push
Confusing Startup India with Standup India

MPPSC asks the year and features of MP's start-up / incubation policy; UPSC asks about Startup India, incubation and the innovation ecosystem.

Related PYQs

No directly related past PYQ was found.

Practice

practice — not a real PYQ
MP's Incubation and Start-up Policy (2016) was aligned with which national initiative?
- (a)Make in India
- (b)Startup India
- (c)Digital India
- (d)Skill India
Answer(b) Startup India.
practice — not a real PYQ
A 'plug-and-play' incubation facility under a start-up policy primarily provides:
- (a)ready-to-use workspace and infrastructure for new ventures
- (b)crop procurement support
- (c)highway tolling
- (d)pension services
Answer(a) ready-to-use workspace and infrastructure for new ventures.