Consider the following statements about Uchchatar Avishkar Yojana:
- It is an initiative under the Ministry of Science and Technology
- It aims to promote innovation in areas relevant to manufacturing and design industry
Which of the above statements is/are correct?
First statement is incorrect because Uchchatar Avishkar Yojana is an initiative under the Union Ministry of Human Resource and Development. It aims to promote innovation in areas relevant to manufacturing and design industry with 25% of the project cost to be committed by the industry, 25% by DST and 50% by MHRD.
This question is a part of GKToday's Integrated IAS General Studies Module