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

Question

UnlockIAS · Accepted Answer

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 other options are wrong — (a) Too early — this predates both the MP policy and the national Startup India push, which belong to 2016.  (b) Not the year — the MP Incubation and Start-up Policy was introduced in 2016.  (c) 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.

State PCS 2018 Q70 — Madhya Pradesh GK PYQ with Answer

State PCS 2018 Q70 — Madhya Pradesh GK PYQ with Answer