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?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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