Question
EconomyIndustry, Infrastructure and ServicesIndustrial Policy, Manufacturing and MSMEsMedium (editorial estimate)
Question details
- Type:
- Statement based
- Skill:
- Fact recall
- Tags:
- MSME classification and credit · Industrial Policy, Manufacturing and MSMEs
- Related topics:
- Financial Inclusion, Priority Sector and Access to Credit
Classification and difficulty are editorial labels. Explanations are awaiting review.
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Consider the following statements with reference to India: 1. According to the 'Micro, Small and Medium Enterprises Development (MSMED) Act, 2006', the 'medium enterprises' are those with investments in plant and machinery between ₹15 crore and ₹25 crore. 2. All bank loans to the Micro, Small and Medium Enterprises qualify under the priority sector. Which of the statements given above is/are correct?
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Question 71 · Industrial Policy, Manufacturing and MSMEs · Economy · UPSC Prelims 2023 (GS)