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    Question

    Which of the following is NOT one of the targets set by

    the Prime Minister’s Task Force on MSMEs for banks?
    A 20% year-on-year growth in credit to MSEs Correct Answer Incorrect Answer
    B 10% annual growth in the number of micro enterprise accounts Correct Answer Incorrect Answer
    C 60% of total MSE lending to be to the micro sector Correct Answer Incorrect Answer
    D 15% growth in MSE exports Correct Answer Incorrect Answer
    E All of the above are targets Correct Answer Incorrect Answer

    Solution

    The Prime Minister’s Task Force on MSMEs laid down specific targets to ensure credit growth and financial inclusion for the sector. These include: • 20% y-o-y growth in credit to MSEs • 10% annual growth in the number of micro enterprise accounts • 60% of total MSE credit should be directed to micro enterprises (based on last year’s corresponding quarter) Growth in exports is important but not one of the prescribed targets under this framework.

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