CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What was UP’s rank in generating jobs in MSMEs?
A
1st
B
3rd
C
4th
D
5th
Explanation: 

Detailed explanation-1: -“Uttar Pradesh has become the fifth state to generate the highest number of jobs in the MSME sector. The state has achieved the fifth position in the ranking prepared by the RBI after leaving behind states like Rajasthan, Karnataka, Delhi and Punjab.

Detailed explanation-2: -MSME industries constitute an important segment of the economy of Uttar Pradesh in terms of employment generation and as a source of foreign. The MSME sector accounts almost 60% of the total industrial output in Uttar Pradesh.

Detailed explanation-3: -According to the data furnished by the Office of the Development Commissioner in the Union Ministry of MSME: Maharashtra tops India’s list in the number of micro, small and medium enterprises (MSME) owned by entrepreneurs from the Scheduled Castes with as many as 96, 805 enterprises.

Detailed explanation-4: -For new micro industry, 50 percent of the annual interest payable on the loan (maximum Rs 25 lakh) per unit will be given for five years. Entrepreneurs will be given a subsidy of 10 to 25 percent on capital investment, 60 percent on loan interest to Scheduled Castes, Scheduled Tribes and women entrepreneurs.

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