New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Consider the following statement about the new

    initiative of Aatmanirbhar Bharat Package to support the MSMEs: I. Rs. 50,000 crore equity infusion through MSME Self-Reliant India Fund. II. New revised criteria for classification of MSMEs. III. No global tenders for procurement up to Rs. 100 crores. Which of the above statement is/are not correct?
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I and II both Correct Answer Incorrect Answer
    E I, II and III Correct Answer Incorrect Answer

    Solution

    The Government has taken a number of initiatives under Aatmanirbhar Bharat Package to support the MSMEs. These include: ·         Rs. 5 lakh crore Collateral Free Automatic Loans under Emergency Credit Line Guarantee Scheme (ECLGS) for business, including MSMEs. ·         Rs. 50,000 crore equity infusion through MSME Self-Reliant India Fund. ·         New revised criteria for classification of MSMEs. ·         No global tenders for procurement up to Rs. 200 crores. ·         “Udyam Registration” for MSMEs, for Ease of Doing Business

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