Q.: Consider the following statements about “Startup India Scheme”:
1. The Start-up India Scheme, launched in January 2016, aims to promote innovation and entrepreneurship across the country.
2. It provides tax exemptions for a period of seven years for eligible start-ups that fulfill certain criteria.
3. The scheme includes the establishment of a Start-up Fund to provide direct funding to start-ups, irrespective of their operational viability.
4. The initiative also emphasizes the simplification of regulatory processes to facilitate business operations for new enterprises.
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