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    Question

    According to the recommendations of the Prime

    Minister’s Task Force on MSMEs, which of the following targets are advised for banks in terms of lending and support to micro and small enterprises?
    A 25% annual growth in credit to MSEs Correct Answer Incorrect Answer
    B 10% annual growth in large enterprise accounts Correct Answer Incorrect Answer
    C 60% of total lending to the MSE sector directed to micro enterprises Correct Answer Incorrect Answer
    D 15% growth in MSME exports Correct Answer Incorrect Answer
    E 5% increase in employment in the MSME sector annually Correct Answer Incorrect Answer

    Solution

    The Prime Minister’s Task Force on MSMEs has provided specific recommendations to enhance the flow of credit and encourage inclusive growth within the MSME sector. Banks have been advised to meet the following targets: • 20% year-on-year growth in credit to micro and small enterprises (MSEs) • 10% annual growth in the number of micro enterprise accounts • 60% of total lending to the MSE sector as of the corresponding quarter of the previous year should be allocated to micro enterprises

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