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PM Modi launches schemes to strengthen MSME Sector

Published on June 30, 2022
Current Context: Prime Minister Narendra Modi launched the Rs. 6,000 crore ‘Raising and Accelerating MSME Performance’ (RAMP) scheme in the ‘Udyami Bharat’ program.
PM Modi launches schemes to strengthen MSME Sector
  • As per the scheme, no global tender will be undertaken for orders up to Rs 200 crores.
  • More than Rs 500 crores have been digitally transferred to 18,000 MSMEs.
  • The main objective is to create a local supply chain for Make in India, which can reduce India's dependence on foreign countries.
  • Apart from that, there were many schemes like MUDRA Yojana, Emergency Credit Line Guarantee Scheme, and SFURTI to provide necessary and timely support to the MSME sector.
  • Besides PM has also launched the 'Capacity Building of First-Time MSME Exporters' (CBFTE) scheme.
  • The main aim of the Capacity Building of First-Time MSME Exporters scheme is to encourage MSMEs to offer products and services of international standards for the global market.
  • Udyami Bharat' is reflective of the continuous commitment of the government, which work towards the empowerment of MSMEs.

Question:

Q.1 As per the new MSMEs Scheme global tender will not be undertaken for orders up to ____________ to support domestic industries.
a. 300 crore
b. 400 crore
c. 500 crore
d. 200 crore
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