New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Identify the organization that introduced the Trade

    Enablement & Marketing (TEAM) scheme, featuring a budget of Rs 277.35 crore to bolster Micro and Small Enterprises (MSEs) through the Open Network for Digital Commerce (ONDC).
    A Reserve Bank of India (RBI) Correct Answer Incorrect Answer
    B Small Industries Development Bank of India (SIDBI) Correct Answer Incorrect Answer
    C National Small Industries Corporation (NSIC) Correct Answer Incorrect Answer
    D Ministry of Micro, Small and Medium Enterprises (MSME) Correct Answer Incorrect Answer
    E Asian Development Bank (ADB) Correct Answer Incorrect Answer

    Solution

    SIDBI: Specializes in the financing and development of the MSME sector but does not manage this par RBI: Acts as the central bank and is not involved in direct scheme implementations for MSEs. NSIC: Implements the TEAM scheme under the Ministry of MSME, aimed at enhancing MSEs' e-commerce capabilities. Ministry of MSME: While it oversees various MSE initiatives, the NSIC directly administers the TEAM scheme. ADB: Although it supports regional development, it does not participate in this specific domestic program.

    Practice Next