Andhra Pradesh Partners with SIDBI to Establish Angel Fund for Deep-Tech Startups
Designed to support and fund early-stage deep-tech startups, the collaborative program will run through the state-backed Ratan Tata Innovation Hub.
This initiative aims to drive systemic technological entrepreneurship, making high-risk capital accessible to regional innovators.
Exam Perspective: Understanding state-level partnerships with national financial institutions like SIDBI is important for monitoring national industrial growth and venture-funding initiatives.
Key Facts / Static GK
SIDBI Establishment Year: 1990
Andhra Pradesh Governor: S. Abdul Nazeer
Practice Quiz — 30 May 2026
Q1. Which of the following payments banks received RBI's in-principle approval in 2025 to transition into a Small Finance Bank (SFB)?
Q2. Who has assumed charge as the 48th Vice Chief of the Naval Staff (VCNS) of the Indian Navy?
Q3. With the installation of the SkyCast System at IGI Airport, India has become which country globally to install this advanced aviation weather monitoring system?
Q4. Which specialized technology entity collaborated with the Department of Financial Services to design and launch the Unclaimed Assets Portal?
Q5. Which of the following statements is/are correct regarding the Corporate Social Responsibility (CSR) guidelines in India under Section 135 of the Companies Act, 2013? 1. Companies must spend at least 2% of their average net profits of the previous three financial years. 2. The mandate applies to companies with a net worth of ₹500 crore or more, or a turnover of ₹1,000 crore or more, or a net profit of ₹5 crore or more. 3. Companies can now invest up to 10% of their annual CSR expenditure through Zero Coupon Zero Principal (ZCZP) instruments.
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