CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Government formed how many task forces to make Indian MSMEs future-ready?
A
Four
B
Five
C
Six
D
Seven
Explanation: 

Detailed explanation-1: -The government has constituted five-task forces to make India’s micro, small and medium enterprises future-ready and formulate a concrete strategy towards making the country a leading exporter.

Detailed explanation-2: -3 DEVELOPMENT OF KHADI, VILLAGE AND COIR INDUSTRIES Market Promotion & Development Scheme (MPDA) Revamped Scheme of Fund for Regeneration of Traditional Industries (SFURTI) - Coir Vikas Yojana (CVY) Export Market Promotion (EMP)

Detailed explanation-3: -As per data from the Ministry of Micro, Small & Medium Enterprises, as of November 25 2022, the Udyam Registration portal registered 12, 201, 448 MSMEs, replacing the former process of filing for a Udyog Aadhaar Memorandum (UAM).

Detailed explanation-4: -According to the experts, the growth of MSMEs is extremely crucial in fulfilling India’s target of becoming a $5 trillion economy by 2025. The Micro, Small and Medium Enterprises or the MSME sector in India is primarily involved in the service, manufacturing, processing, production and preservation of goods.

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