[amp_mcq option1=”Large-scale heavy industries” option2=”Micro, small, and medium enterprises (MSMEs)” option3=”Export-oriented manufacturing” option4=”High-tech industries” correct=”option2″]<\/p>\n
The correct answer is: b) Micro, small, and medium enterprises (MSMEs).<\/p>\n
Meghalaya’s industrial development is primarily focused on MSMEs. MSMEs are defined as enterprises with a total investment in plant and machinery not exceeding Rs. 10 crore for manufacturing enterprises and Rs. 5 crore for service enterprises. They are the backbone of the Indian economy, accounting for over 90% of the total number of enterprises and over 60% of the total employment.<\/p>\n
MSMEs play a vital role in the development of Meghalaya. They contribute significantly to the state’s GDP, exports, and employment generation. They also help to promote entrepreneurship and innovation.<\/p>\n
The state government has taken several initiatives to promote the development of MSMEs in Meghalaya. These include providing financial assistance, marketing support, and training facilities. The government has also set up a number of institutions to support MSMEs, such as the Meghalaya MSME Development Corporation and the Meghalaya State Industrial Development Corporation.<\/p>\n
The development of MSMEs in Meghalaya has been hampered by a number of challenges, such as lack of access to finance, poor infrastructure, and inadequate skilled manpower. However, the state government is taking steps to address these challenges. With the right support, MSMEs can play a major role in the economic development of Meghalaya.<\/p>\n
Option a) Large-scale heavy industries is incorrect because MSMEs are the focus of Meghalaya’s industrial development.<\/p>\n
Option c) Export-oriented manufacturing is incorrect because MSMEs are not primarily focused on export-oriented manufacturing.<\/p>\n
Option d) High-tech industries is incorrect because MSMEs are not primarily focused on high-tech industries.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Large-scale heavy industries” option2=”Micro, small, and medium enterprises (MSMEs)” option3=”Export-oriented manufacturing” option4=”High-tech industries” correct=”option2″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[987],"tags":[],"class_list":["post-71541","post","type-post","status-publish","format-standard","hentry","category-meghalaya-gk-mcq","no-featured-image-padding"],"yoast_head":"\n