Prime Minister's Employment Generation Programme (PMEGP)
Stand-Up India
MUDRA loans
All of the above
Answer is Right!
Answer is Wrong!
The correct answer is: d) All of the above
The government supports MSMEs through a variety of schemes, including:
- Prime Minister’s Employment Generation Programme (PMEGP): This scheme provides financial assistance to entrepreneurs for setting up new micro and small enterprises.
- Stand-Up India: This scheme provides financial assistance and handholding support to entrepreneurs from SC/ST, OBC, women, and differently-abled categories for setting up new micro and small enterprises.
- MUDRA loans: These are loans provided by banks and other financial institutions to micro and small enterprises. They are characterized by low interest rates, easy repayment terms, and collateral-free loans.
These schemes are designed to promote entrepreneurship, create jobs, and boost economic growth. They have been successful in providing financial assistance to a large number of MSMEs and helping them to grow and expand their businesses.
In addition to these schemes, the government also provides a number of other support measures to MSMEs, such as:
- Tax benefits
- Subsidy on raw materials
- Training and development programs
- Market access assistance
- Technology support
These measures have helped to improve the competitiveness of MSMEs and make them more resilient to economic shocks.