Micro, Small & Medium Enterprises (MSMEs) contribute significantly in

Micro, Small & Medium Enterprises (MSMEs) contribute significantly in the economic and social development of the country. Which of the following measures is / are taken by the Government with respect to MSMEs?

1. Ensure better credit flow
2. Technology upgradation
3. Ease of doing business and market access

Select the correct answer using the code given below:

1 only

2 and 3 only

1 and 2 only

1, 2 and 3

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This question was previously asked in

UPSC Geoscientist – 2021

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The Government takes measures across multiple fronts to support Micro, Small & Medium Enterprises (MSMEs), including ensuring better credit flow, facilitating technology upgradation, and improving the ease of doing business and market access. All three statements list valid government initiatives for MSMEs.

MSMEs are vital for employment generation, economic growth, and regional development in India. The government implements various policies and schemes to address challenges faced by MSMEs related to finance, technology, infrastructure, and market linkages.

Specific schemes and policies include priority sector lending targets for banks, credit guarantee schemes (like CGTMSE), schemes for technological adoption and quality improvement (like CLCS-TUS), promotion of e-commerce and government procurement platforms (like GeM), simplification of registration and compliance procedures (like Udyam registration), and support for marketing and exports.

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