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    • Question

      Consider the following statement about the new

      initiative of Aatmanirbhar Bharat Package to support the MSMEs: I. Rs. 50,000 crore equity infusion through MSME Self-Reliant India Fund. II. New revised criteria for classification of MSMEs. III. No global tenders for procurement up to Rs. 100 crores. Which of the above statement is/are not correct?
      A I only Correct Answer Incorrect Answer
      B II only Correct Answer Incorrect Answer
      C III only Correct Answer Incorrect Answer
      D I and II both Correct Answer Incorrect Answer
      E I, II and III Correct Answer Incorrect Answer

      Solution

      The Government has taken a number of initiatives under Aatmanirbhar Bharat Package to support the MSMEs. These include: ·         Rs. 5 lakh crore Collateral Free Automatic Loans under Emergency Credit Line Guarantee Scheme (ECLGS) for business, including MSMEs. ·         Rs. 50,000 crore equity infusion through MSME Self-Reliant India Fund. ·         New revised criteria for classification of MSMEs. ·         No global tenders for procurement up to Rs. 200 crores. ·         “Udyam Registration” for MSMEs, for Ease of Doing Business

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