New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    Who is responsible for establishing one or more Micro

    and Small Enterprises Facilitation Councils, and how is this done as per the provisions of MSMED Act?
    A The District Magistrate, by order Correct Answer Incorrect Answer
    B The State Government, by notification Correct Answer Incorrect Answer
    C The Central Government, by notification Correct Answer Incorrect Answer
    D The Reserve Bank of India, by notification Correct Answer Incorrect Answer

    Solution

    Section 20. Establishment of Micro and Small Enterprises Facilitation Council: The State Government shall, by notification, establish one or more Micro and Small Enterprises Facilitation Councils, at such places, exercising such jurisdiction and for such areas, as may be specified in the notification.

    Practice Next