Module: General Practice
Q138: Consider the following regarding the "MSME Idea Hackathon."
Assertion (A): The "MSME Idea Hackathon" invites ideas from students and MSMEs, and selected ideas receive financial assistance up to Rupees 15 Lakh per idea.
Reason (R): This initiative is a sub-component of the "MSME Innovative Scheme" aimed at acting as an incubator to convert prototypes into commercial products.
Reason (R): This initiative is a sub-component of the "MSME Innovative Scheme" aimed at acting as an incubator to convert prototypes into commercial products.
✅ Correct Answer: A
The Hackathon provides grant assistance of up to Rupees 15 Lakh per approved idea to the Host Institute (HI) for nurturing the idea (Assertion is True). This initiative falls under the "Incubation" component of the MSME Innovative Scheme (Reason is True). The financial assistance is provided specifically because the scheme aims to de-risk the early-stage "Proof of Concept" phase, helping innovators bridge the gap between idea and product (Reason explains A).