New NABARD Grade A 2024 Results out!! Register here for a free live workshop on Feb 26, 2025 at 5 PM. Only on Zoom.

    Question

    Which of the following best defines the role of the

    District Industries Centers (DICs) as established under the MSME Development Act, 2006 ?
    A DICs provide direct financial assistance to MSMEs and offer loans at subsidized interest rates. Correct Answer Incorrect Answer
    B DICs act as monitoring bodies for MSME registration, ensuring that only businesses that meet certain standards are registered. Correct Answer Incorrect Answer
    C DICs provide technical, administrative, and financial support to MSMEs at the district level, helping them with skill development, registration, and obtaining loans. Correct Answer Incorrect Answer
    D DICs focus exclusively on improving the export potential of MSMEs, facilitating market linkages with international buyers. Correct Answer Incorrect Answer
    E DICs are primarily responsible for enforcing government regulations on pricing and consumer protection for MSMEs. Correct Answer Incorrect Answer

    Solution

    District Industries Centers (DICs) play a crucial role in promoting and facilitating the development of MSMEs at the local level. They offer a wide range of services, including providing technical and administrative support, helping with Udyam Registration , guiding MSMEs in accessing finance, and offering training and skill development programs. They also act as intermediaries for various government schemes that benefit MSMEs. However, they do not focus solely on financial assistance or enforcement of regulations.

    Practice Next