CONTENTS

  1. STARTUP INDIA SEED FUND SCHEME
  2. KHAJURAHO TEMPLE

STARTUP INDIA SEED FUND SCHEME

Focus: GS III- Growth and Development

Why in news?

Minister of Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution launched the Startup India Seed Fund Scheme (SISFS).

About Seed Fund Scheme:

  • The scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.
  • 945 Crore corpus will be divided over the next 4 years for providing seed funding to eligible startups through eligible incubators across India.
  • The scheme is expected to support about 3600 startups.
  • It will Secure seed funding, Inspire innovation, Support transformative ideas, Facilitate implementation, and Start startup revolution.
  • It will create a robust startup ecosystem, particularly in Tier 2 and Tier 3 towns of India, which are often deprived of adequate funding.
  • Objective: Fund has been set up to provide initial capital to the startups. After that start-ups will be provided with the Govt. Guarantees, to help them raise debt capital. 
  • Funding: The Scheme will offer startups up to Rs. 20 Lakhs as a grant for Proof of Concept. Upto Rs. 50 Lakhs can also be availed through convertible debentures or debt or debt-linked instruments for commercialization. 
What is Seed Funding?
  • Seed funding or seed-stage funding is a very early investment which aims at helping a business grow and generating its own capital.
  • Also referred to as seed money or seed capital, investors often get an equity stake in exchange for the capital invested.
  • The investors can themselves be the founders and use their savings as seed money for their new company — also known as bootstrapping.

KHAJURAHO TEMPLE

Focus: GS I- Temple Architecture

Why in news?

Ministry of Tourism organises webinar on “Khajuraho – Temples of Architectural Splendour” under Dekho Apna Desh.

About Khajuraho – Temple:

See the source image
  • It is a group of Hindu and Jain Temples in Madhya Pradesh build by Chandela Dynasty between 950 and 1050 AD.
  • They are UNESCO World heritage Site.
  • The temples are famous for their nagara-style architectural symbolism and their erotic sculptures (about 10% of total sculptures).
  • The temples at Khajuraho are all made of Sandstone.
  • The largest temple at Khajuraho is the Kandariya Mahadeva temple which is attributed to king Ganda.
  • All the towers or shikhara of temple rise high, upward in curved pyramidal fashion, emphasizing temple’s vertical thrust ending in horizontal fluted disc called Amalaka topped with Kalasha or vase.
  • The erotic expression of sculptures in these temples gives equal importance in human experience as a spiritual pursuit, and it is seen as a part of the larger cosmic whole.
Dekho Apna Desh Initiative: 
  • It is an initiative of the Ministry of Tourism launched in January 2020.
  • Objective: To promote domestic tourism in India which is intended to enhance tourist footfalls in places of tourist interest so as to help develop the local economy.
  • Dekho Apna Desh Webinar series: During the pandemic, the Ministry of Tourism as part of its ongoing engagement with the industry and its audiences is organising webinars on the overall theme of ‘DekhoApnaDesh’.
    • Objective: To create awareness about and promote various tourism destinations of India – including the lesser-known destinations and lesser-known facets of popular destinations.

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