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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