Question
What is the primary objective of the SAMARTH scheme, an
initiative that aims to support the growth and development of Micro, Small, and Medium Enterprises (MSMEs), which are a key segment for the banking industry's lending and financial inclusion efforts?Solution
The Minister of State for Heavy Industries revealed SAMARTH Centres to Lok Sabha. SAMARTH, or Smart Advanced Manufacturing and Rapid Transformation Hub, operates under the âEnhancement of Competitiveness in the Indian Capital Goods Sectorâ scheme. These centers aid MSMEs by organizing events on Industry 4.0, conducting training for awareness, offering consultancy in areas like IoT, software development, and data analytics, and providing incubation support to start-ups, contributing to workforce development and technological advancement.
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