STATE CURRENT AFFAIRS
State Schemes
Andhra Pradesh Collaborates with SIDBI to Set Up Deep-Tech Angel Fund
The State Government of Andhra Pradesh has signed a collaborative agreement with the Small Industries Development Bank of India (SIDBI) to create a dedicated Deep-Tech Angel Fund.
The fund will operate through the newly structured Ratan Tata Innovation Hub to target seed and early-stage angel investments for technology-intensive startups.
The initiative aims to position Andhra Pradesh as a premier domestic hub for high-end research, industrial access, and globally scalable deep-tech ventures.
Exam Significance: This partnership underscores the growing trend of state governments teaming up directly with development financial institutions (DFIs) to drive localized tech entrepreneurship and research ecosystems.
The fund will operate through the newly structured Ratan Tata Innovation Hub to target seed and early-stage angel investments for technology-intensive startups.
The initiative aims to position Andhra Pradesh as a premier domestic hub for high-end research, industrial access, and globally scalable deep-tech ventures.
Exam Significance: This partnership underscores the growing trend of state governments teaming up directly with development financial institutions (DFIs) to drive localized tech entrepreneurship and research ecosystems.
Key Facts / Static GK
SIDBI HQ: Lucknow, Uttar Pradesh
SIDBI Established: 2 April 1990
Ratan Tata Innovation Hub (RTIH) is a startup incubation platform designed to promote technological breakthroughs
SIDBI Established: 2 April 1990
Ratan Tata Innovation Hub (RTIH) is a startup incubation platform designed to promote technological breakthroughs
Practice Quiz — 10 June 2026
Q1. Who has assumed charge as the Director of the ICAR-National Academy of Agricultural Research Management (ICAR-NAARM) in Hyderabad?
Answer: (B) Raman Meenakshi Sundaram — Raman Meenakshi Sundaram has taken charge as the Director of ICAR-National Academy of Agricultural Research Management (ICAR-NAARM) in Hyderabad.
Q2. What is the primary objective of the newly launched 'LPMS - VINIMAY' portal?
Answer: (C) Streamlining border cargo and passenger movement — The LPMS - VINIMAY system is a single digital platform developed to streamline cross-border trade, cargo logistics, and passenger clearances at land ports.
Q3. The first export consignment of the GI-tagged Tezpur Litchi was facilitated to Dubai from which Indian state?
Answer: (C) Assam — The GI-tagged Tezpur Litchi belongs to Assam, and its first export consignment to Dubai was recently facilitated by APEDA.
Q4. Which state government launched the 'Blue Valley Cluster Initiative' in collaboration with the European Union?
Answer: (B) Assam — The Assam Government and the European Union (EU) jointly launched the Blue Valley Cluster Initiative in Guwahati to strengthen cooperation in the bioeconomy sector.
Q5. Which private sector bank has partnered with Centrum Finverse to launch an integrated 3-in-1 account?
Answer: (D) Bandhan Bank — Bandhan Bank has partnered with Centrum Finverse Ltd to launch an integrated 3-in-1 account (comprising Banking, Demat, and Trading accounts) on a single platform.
Keep Learning with PrepZen
Get daily current affairs, live mock tests, mistake bank, vocab builder & more — all free on your phone.