Q. Consider the following statements regarding National Innovation Fund (NIF):
1. It is established with assistance of Department of Biotechnology.
2. Its mission is to help India become a creative and knowledge-based society by expanding policy and institutional space for grassroots technological innovators.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

The National Innovation Foundation (NIF) – India was set up in March 2000 with the assistance of Department of Science and Technology, Government of India.  

  • It is India’s national initiative to strengthen the grassroots technological innovations and outstanding traditional knowledge.  
  • Its mission is to help India become a creative and knowledge-based society by expanding policy and institutional space for grassroots technological innovators. 

Source: Agrahari