Question
Which of the following is NOT a target group for PM
Mudra Yojana? Please read the following passage and answer the following questions ( Q no 23 to 26) based on the passage. Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in India’s economic landscape, serving as the backbone of the country’s growth and development. The significance of developing MSMEs in India can be understood through several dimensions, including job creation, contribution to GDP, promotion of entrepreneurship, and fostering innovation. As the government and various stakeholders focus on strengthening this sector, the potential for MSMEs to drive economic progress and social development becomes increasingly evident. One of the primary reasons for the importance of MSMEs is their capacity to create employment opportunities. MSMEs are responsible for generating a significant portion of jobs in the country, providing livelihoods to millions of people. In India, MSMEs contribute to over 30% of total employment, making them vital for reducing unemployment and underemployment, especially in rural and semi-urban areas. By supporting the growth and sustainability of MSMEs, the government can help create more job opportunities, leading to improved living standards and economic stability for families and communities. MSMEs play a significant role in contributing to India’s Gross Domestic Product (GDP). They account for around 30% of the country's GDP and approximately 48% of total exports. The growth of MSMEs is crucial for enhancing the overall economic output and ensuring balanced regional development. By fostering an environment conducive to MSME growth, India can further boost its economic performance and strengthen its position in the global market.Solution
PM Mudra Yojana is primarily aimed at the non-corporate small business segment, including artisans, micro-enterprises, and small manufacturing units, but it does not directly target traditional agricultural farmers.
More Economic and Social Issues ESI Questions
- Ritesh got 84 marks in an exam, which is 100% more than the marks secured by Mohan. If Mohan failed the exam by 4 marks, then find the total marks of Rites...
In a container, the ratio of milk to water is 9:7. If 32 litres of water is added, the quantities of milk and water become equal. What is the total quan...
- Find the simplified value of the given expression.
- Ramesh builds 30 chairs in 6 days while Suresh builds 24 chairs in 4 days. How many chairs can both Ramesh and Suresh build in one day together?
- The cost price of a product is Rs. 400. The shopkeeper marks it 25% above the cost price and then offers a discount of 10%. Calculate the overall gain or l...
- The average age of Neha and her uncle at present is 40 years. Neha's age 5 years from now will be one-fourth of the present age of her uncle. What is the c...
- Anita bought a pair of shoes for Rs. 750, but had to sell them for Rs. 600. Find the percentage loss incurred.
- A financial institution gives compound interest at the rate of 10% per annum, compounded half yearly. What is the interest earned after one year on a depos...
The speed ratio of A to B is 4:3. C covers 840 km in 14 hours. If B's speed is 20% lower than C's speed, how much time will A need to cover 512 km?
