Generating employment
Promoting local products
Contributing to exports
All of the above
Answer is Wrong!
Answer is Right!
The correct answer is: d) All of the above
Micro, Small, and Medium Enterprises (MSMEs) play a significant role in Assam’s economy by:
- Generating employment: MSMEs are the largest employers in Assam, accounting for over 80% of the state’s workforce. They provide employment to a large number of people, especially women and youth.
- Promoting local products: MSMEs promote local products by manufacturing and selling them. This helps to boost the local economy and create jobs.
- Contributing to exports: MSMEs contribute to exports by exporting their products to other countries. This helps to earn foreign exchange for the country and boost the economy.
In addition, MSMEs also help to improve the quality of life of people in Assam by providing them with affordable goods and services. They also help to reduce poverty and inequality.