New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    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?
    A Providing scholarship to rural students for higher education Correct Answer Incorrect Answer
    B Providing assistance to farmers Correct Answer Incorrect Answer
    C Enhancing the competitiveness and sustainability of MSMEs Correct Answer Incorrect Answer
    D Providing comprehensive medical care to children Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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 “Enhancement of Competitiveness in the Indian Capital Goods Sector” 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.

    Practice Next

    Relevant for Exams: