📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Under the scheme for Promotion of MSMEs in the North

    Eastern Region and Sikkim, what is the maximum assistance (as a percentage of project cost) allowed for setting up a new industrial estate?
    A 60% Correct Answer Incorrect Answer
    B 70% Correct Answer Incorrect Answer
    C 80% Correct Answer Incorrect Answer
    D 90% Correct Answer Incorrect Answer
    E 100% Correct Answer Incorrect Answer

    Solution

    Under the Promotion of MSMEs in N.E. Region and Sikkim scheme, the maximum financial assistance from the Government of India is limited to 90% of the project cost, subject to a cap of ₹13.50 crore. The remaining 10% must be contributed by the State Government. This high assistance ratio is to encourage industrial development in these geographically and economically sensitive regions.

    Practice Next
    ask-question