Uttar Pradesh Startup Fund was launched on?

Appeared in: UPPSC-2021

Explanation

The Uttar Pradesh Startup Fund was officially launched on 20th May 2020.
The launch was inaugurated by the then Chief Minister of Uttar Pradesh, Yogi Adityanath.
This initiative was established through a Memorandum of Understanding (MoU) with the Small Industries Development Bank of India (SIDBI), which acts as the fund manager.
An initial corpus of ₹15 crore was provided to SIDBI to kickstart the fund, aimed at fostering the startup culture and generating employment within the state.

Option A: This date is incorrect. The fund was launched in May, not March.
Option B: This date is incorrect. While in the correct year, it is two months prior to the actual launch event.
Option C: This date is close to the correct answer but is inaccurate. The launch took place later in the month.

Clinical Relevance

Nursing practice connection: This is primarily an exam-oriented knowledge point with limited direct bedside application, so retain General Knowledge: State Government Schemes as background academic context rather than a clinical decision trigger.
Awareness of government schemes, even non-health ones, is important for community health professionals as these policies reflect socio-economic factors that impact employment and living standards.
Understanding such initiatives can help in advising community members about potential self-employment opportunities, which can indirectly improve their financial stability and, consequently, their health and well-being.
What if the question was about a health-related scheme? If the question were about 'Ayushman Bharat', a nurse would need to know specific details about eligibility, benefits, and enrollment processes to guide patients effectively.

How to Approach the Question

Identify the key entities and action in the question: 'Uttar Pradesh Startup Fund' and 'launched on'.
Recognize this as a factual recall question that requires specific knowledge of dates related to current affairs and government initiatives.
Scan the options. Notice that they are all in the year 2020 and clustered in March and May, indicating the need for precise memory.
Recall the specific date of the event. The fund was launched in the middle of 2020.
Select the option that matches the known fact, which is 20th May 2020.

Concept Tested & Keywords

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Practise the full UPPSC-2021

Attempt every question from this paper in a timed mock, then review the full solution for each one.