Question

    What is the purpose of the National MSME Council

    recently set up by the Ministry of Micro, Small and Medium Enterprises, Government of India?
    A To oversee inter-Central Ministerial/Departmental co-ordination Correct Answer Incorrect Answer
    B To provide financial assistance to small businesses Correct Answer Incorrect Answer
    C To regulate the functioning of MSMEs Correct Answer Incorrect Answer
    D To promote the growth of large-scale industries Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Ministry of Micro, Small and Medium Enterprises, Government of India organised the first meeting of the National MSME Council at Vigyan Bhawan, New Delhi. The National MSME Council has been set up to work as an administrative and functional body to oversee inter-Central Ministerial/Departmental co-ordination, Centre State synergies and advise / monitor progress on the reforms mandated in the MSME sector including the RAMP programme. The meeting was chaired by Union Minister for MSME, Shri Narayan Rane. The event was organised under the aegis of the Central Sector Scheme “Raising and Accelerating MSME Performance” (RAMP) which was launched by the Prime Minister Shri Narendra Modi in June 2022. The RAMP programme aims at improving access to market and credit, strengthening institutions and governance at the Centre and State, improving Centre-State linkages and partnerships, addressing issues of delayed payments and greening of MSMEs.

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