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    Question

    Please read the following passage and answer the following questions ( Q no 23 to 26) based on the passage. Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in India’s economic landscape, serving as the backbone of the country’s growth and development. The significance of developing MSMEs in India can be understood through several dimensions, including job creation, contribution to GDP, promotion of entrepreneurship, and fostering innovation. As the government and various stakeholders focus on strengthening this sector, the potential for MSMEs to drive economic progress and social development becomes increasingly evident. One of the primary reasons for the importance of MSMEs is their capacity to create employment opportunities. MSMEs are responsible for generating a significant portion of jobs in the country, providing livelihoods to millions of people. In India, MSMEs contribute to over 30% of total employment, making them vital for reducing unemployment and underemployment, especially in rural and semi-urban areas. By supporting the growth and sustainability of MSMEs, the government can help create more job opportunities, leading to improved living standards and economic stability for families and communities. MSMEs play a significant role in contributing to India’s Gross Domestic Product (GDP). They account for around 30% of the country's GDP and approximately 48% of total exports. The growth of MSMEs is crucial for enhancing the overall economic output and ensuring balanced regional development. By fostering an environment conducive to MSME growth, India can further boost its economic performance and strengthen its position in the global market.

    Which of the following is NOT a target group for PM

    Mudra Yojana?
    A Non-Corporate Small Business Segment (NCSBS) Correct Answer Incorrect Answer
    B Small and Medium Enterprises (SMEs) Correct Answer Incorrect Answer
    C Women Entrepreneurs Correct Answer Incorrect Answer
    D Artisans and Cottage Industries Correct Answer Incorrect Answer
    E Agricultural Farmers Correct Answer Incorrect Answer

    Solution

    PM Mudra Yojana is primarily aimed at the non-corporate small business segment, including artisans, micro-enterprises, and small manufacturing units, but it does not directly target traditional agricultural farmers.

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