National MSME Cluster Outreach Programme has been launched

Current Context: Union Minister for Finance Nirmala Sitharaman launched the National MSME Cluster Outreach Programme on November 9, 2024, in Bengaluru.

• This program, organized by the Department of Financial Services and the Small Industries Development Bank of India (SIDBI), is designed to provide financial access and support the growth of Micro, Small, and Medium Enterprises (MSMEs) across India.
• Key Objectives:
• Financial Access: Ensure that MSMEs have better access to financial services and products.
• Cluster Development: Focus on MSME clusters to facilitate growth and innovation within these groups.
• Support and Training: Provide support and training to MSMEs to enhance their capabilities and competitiveness.
• Event Details:
• The launch event connected around 150 MSME clusters virtually.
• Senior officials from banks and financial institutions participated to engage with MSMEs directly.
• This initiative aims to bolster the MSME sector, which is a crucial part of the Indian economy, by providing them with the necessary resources and support to thrive.

Question:

1 Who launched the National MSME Cluster Outreach Programme on November 9, 2024?

• A) Prime Minister Narendra Modi
• B) Finance Minister Nirmala Sitharaman
• C) Union Minister Piyush Goyal
• D) Union Minister Amit Shah

Answer: B) The program was launched by Finance Minister Nirmala Sitharaman in Bengaluru, emphasizing her role in initiatives to strengthen the financial ecosystem for MSMEs in India.