Multiple choice

Following are the policy initiatives for promoting MSME (Micro, Small and Medium Enterprises). Which one of them does not relate to the group?

  1. SMED Act 2006.

  2. Amendment to KVIC Act 1956.

  3. Credit Guarantee Fund Trust for small industries - only g'tee cover for the enterprise.

  4. A promotion package from MSMED in areas of credit, infrastructure, technology and marketing.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Apart from the initiatives at (1), (2) and (4) under the Credit Guarantee Scheme of MSME, Life Insurance cover is provided to the chief promoters of the enterprise in addition to guarantee already existing under CGTF scheme.

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