As per the ‘Innovation Policy for Indian Railways’, what is the maximum limit of grant provided to innovators? [A] Rs 10 lakh[B] Rs 25 lakh[C] Rs 50 lakhs[D] Rs 1.5 Crore
Option [D] Rs 1.5 Crore : Minister of Railways Ashwini Vaishnaw has launched ‘Innovation Policy for Indian Railways’, to encourage participation of start-ups. Also referred as ‘Start-Ups for Railways’, the policy seeks to provide up to Rs. 1.5 Crore to innovators on equal sharing basis. Indian Railways will support in the form of 50 percent capital grant, assured market, scale and ecosystem.
