NIDHI - National Initiative for Development and Harnessing Innovations

Q.  ‘NIDHI’ is related to
- Published on 07 Sep 16

a. Financing housing loans and insurance
b. Information system to manage Direct Taxes
c. Financing pro-poor schemes
d. Financing Start-ups

ANSWER: Financing Start-ups
 
  • NIDHI (National Initiative for Development and Harnessing Innovations), an umbrella program is pioneered by the Department of Science & Technology(DST), Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups.
  • NIDHI focuses on building a seamless and innovation driven entrepreneurial ecosystem especially by channelizing youth towards it.
  • NIDHI, by design connects and strengthens all the links of the innovation chain from scouting to sustaining to securing to scaling to showcasing.
  • The key stakeholders of NIDHI includes various departments and ministries of the central government, state governments, academic and R & D institutions, mentors, financial institutions, angel investors, venture capitalists, industry champions and private sectors.

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