An MoU signed by India & US to promote cooperation on Small & Medium Enterprises

Current Context: India and the United States recently signed a Memorandum of Understanding (MoU) to promote cooperation on Small and Medium Enterprises (SMEs).

• This agreement was signed by Isabel Casillas Guzman, the head of the U.S. Small Business Administration (SBA), and S. C. L Das, Secretary of India’s Ministry of Micro, Small, and Medium Enterprises (MSMEs), in New Delhi on August 13, 2024.
• The MoU aims to:
• Enhance MSME participation in the global marketplace by sharing expertise and best practices on entrepreneurial training, access to capital, trade and export financing, and leveraging technology and digital services.
• Promote women’s entrepreneurship and facilitate trade partnerships between women-owned small businesses in both countries.
• Integrate small businesses into the green energy transition, supporting inclusive growth for women and other underserved entrepreneurs.

Question:

1 The MoU between India and the U.S. aims to integrate small businesses into which global transition?

• A) Green energy transition
• B) Digital transformation
• C) Financial sector reform
• D) Space exploration

Answer: A) The MoU aims to integrate small businesses into the green energy transition, supporting inclusive growth for women and other underserved entrepreneurs.