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    Question

    What percentage of the project cost is covered for

    design projects under MSME-Innovative for Micro Enterprises? ┬а
    A 60% Correct Answer Incorrect Answer
    B 75% Correct Answer Incorrect Answer
    C 50% Correct Answer Incorrect Answer
    D 85% Correct Answer Incorrect Answer
    E 40% Correct Answer Incorrect Answer

    Solution

    The Government of India ( GoI ) covers 75% of the total project cost for design projects under the MSME-Innovative scheme for micro enterprises. The remaining cost is borne by the micro enterprise. The maximum amount of assistance for design projects is Rs. 40 lakh . The MSME-Innovative scheme was launched on March 10, 2022 to promote innovation in the value chain. The scheme provides financial assistance for design, incubation, and intellectual property rights. ┬а

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