NIDHI - National Initiative for Development and Harnessing Innovations
Q. ‘NIDHI’ is related to- Published on 07 Sep 16a. 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.
