Q. Consider the following statements about India BPO promotion scheme (IBPS):

1. It is an initiative by Ministry of Electronics and Information Technology (MeitY)
2. The scheme provides capital support along with special incentives up to Rs.1 lakh/seat in form of Viability Gap Funding (VGF) to eligible companies

Which of the above statements is/are correct?
Answer: Both 1 & 2
Notes: First statement is correct. India BPO promotion scheme has been launched by the Ministry of Electronics and Information Technology (MeitY). It is an initiative under the Digital India Programme that aims to generate employment opportunities and promotion of BPO/ITES operations across the country. Second statement is correct. The scheme provides capital support along with special incentives up to Rs. 1 lakh/seat in form of Viability Gap Funding (VGF) to eligible companies.  

This question is part of UPSC Daily 20 MCQ Series Course on GKToday Android app.