Policies For Msme Sector Flashcards
What does MSME stand for?
Micro, Small, and Medium Enterprises
True or False: The Indian government has implemented policies to support MSMEs in recent years.
True
Which ministry is primarily responsible for MSME development in India?
Ministry of Micro, Small and Medium Enterprises
Fill in the blank: The MSME sector contributes approximately ___% to India’s GDP.
30
What is the primary objective of the MSME Development Act, 2006?
To promote and develop the MSME sector in India.
Which scheme aims to provide financial assistance to MSMEs for technology upgradation?
Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE)
What is the maximum investment limit for a micro enterprise in manufacturing as per the new MSME classification?
Up to ₹1 crore
True or False: The Atmanirbhar Bharat Abhiyan includes initiatives specifically for MSMEs.
True
What is the purpose of the MSME Market Development Assistance scheme?
To promote marketing of products produced by MSMEs.
Which initiative provides a platform for MSMEs to showcase their products online?
MSME Sambandh
Fill in the blank: The government has introduced ___ to simplify the registration process for MSMEs.
Udyam Registration
What financial support does the PMEGP scheme provide?
Subsidy for setting up new enterprises.
Which scheme focuses on enhancing the competitiveness of MSMEs through technology support?
Technology Upgradation Support Scheme (TUSS)
True or False: MSMEs are eligible for government procurement preferences.
True
What is the minimum investment limit for a medium enterprise in manufacturing as per the new MSME classification?
Between ₹10 crore and ₹50 crore
What does the MSME Champions Scheme aim to achieve?
To support MSMEs in becoming competitive and sustainable.
Which program aims to provide skill development for the MSME sector?
Skill India Mission
Fill in the blank: The government launched the ___ scheme to provide a one-time grant for MSMEs affected by COVID-19.
Emergency Credit Line Guarantee Scheme (ECLGS)
What is the main focus of the Digital MSME scheme?
To promote the adoption of digital technologies among MSMEs.
True or False: MSMEs are not required to maintain any records for availing benefits.
False
What is the role of the National Small Industries Corporation (NSIC) in relation to MSMEs?
To promote and facilitate the growth of small industries.
What does the term ‘one district, one product’ refer to in the context of MSME policies?
A scheme to promote specific products in each district to enhance local entrepreneurship.
Which scheme provides a platform for MSMEs to access credit from banks?
MUDRA Yojana
Fill in the blank: The ___ initiative aims to reduce the compliance burden on MSMEs.
Ease of Doing Business
