Question
What is the main objective of the e-NAM platform?
Please read passage and the answer the following questions ( Q no 15 to 18) based on the passage. The procurement of goods and services by the government is a vital aspect of economic development, particularly for small business owners. By engaging with small businesses in procurement processes, the government can foster entrepreneurship, stimulate economic growth, and promote inclusive development. The importance of government procurement for small business owners can be highlighted through several key dimensions, including economic empowerment, job creation, innovation, and community development. Government procurement provides small business owners with crucial economic opportunities. By setting aside a percentage of contracts specifically for small businesses, governments can empower these enterprises to compete on a more level playing field with larger corporations. This not only helps to enhance the financial stability of small businesses but also contributes to the overall economic resilience of local communities. When small businesses secure government contracts, they gain access to steady revenue streams that can support their growth and sustainability. Small businesses are significant job creators in the economy. When they receive government contracts, they often need to expand their operations, which can lead to the creation of new jobs. By supporting small business procurement, the government indirectly contributes to reducing unemployment and promoting workforce development. The jobs created in small businesses often provide local employment opportunities, thus enhancing the economic health of the community and improving the standard of living for residents.
More Economic and Social Issues ESI Questions
- Which disease(s) induce floral abnormalities?
- Which of the following is the objectives of PM PRANAM scheme?
- Consider the following statements about Sukanya Samriddhi Yojana (SSY): I. SSY accounts can be opened for a maximum of two girl children, with an except...
- Which three Public Sector Undertakings (PSUs) implement the PM-DAKSH Yojana for their respective target groups?
- What was BASEL Committee on Banking Supervision established?
- Under the modified interest subvention scheme, the loan limit through Kisan Credit Cards (KCC) has been raised from ₹ 3 lakh to—
- Which of the following is an advanced agricultural data management platform designed to generate crop estimates and integrate data related to prices, trade...
- In “E- Baal Nidan Portal” any person can register a complaint reporting about any violation committed against a child and after such registration, the comp...
- What is the expenditure requirement under CSR, as per Companies Act 2013?
- Consider of the following statement is/are correct about Capital expenditures (CAPEX)? I. These are often used to undertake new projects or investments by...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)