Question
Identify the correct statements regarding government
policies for Small Scale Industries (SSIs): 1. The MSME Business Loans in 59 Minutes scheme provides loans of up to ₹1 crore. 2. The Atal Incubation Centre offers funding up to ₹10 crore over a five-year term. 3. The Coir Udyami Yojana is exclusively for public institutions. 4. The Women Entrepreneurship Platform offers mentoring, credit score improvement, and tie-ups with corporates.Solution
Statement 1 is correct because the MSME Business Loans in 59 Minutes scheme offers financial assistance of up to ₹1 crore. Statement 2 is also correct as the Atal Incubation Centre provides funding up to ₹10 crore. Statement 3 is incorrect since Coir Udyami Yojana is available to both private and public institutions. Statement 4 is correct as the Women Entrepreneurship Platform provides multiple benefits, including mentoring and corporate tie-ups.
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