Question

As per Micro, Small and Medium Enterprises (MSME) Policy 2015-2020 of the Government of Andhra Pradesh, what is the expected new investment in the MSME Sector by 2020 ?
1. Rs. 10,000 crores
2. Rs. 12,000 crores
3. Rs. 15,000 crores
4. Rs. 25,000 crores

Answer 1

Correct Answer - Option 3 : Rs. 15,000 crores

The correct answer is Rs. 15,000 crores.

• As per Micro, Small and Medium Enterprises (MSME) Policy 2015-2020 of the Government of Andhra Pradesh,15,000 crore is the expected new investment in the MSME Sector by 2020.
• Micro Small and Medium Enterprises (MSME) Policy 2015-20 aims to generate new employment opportunities for at least 3.5 lakh people and attract new investments of at least 15,000 crores by 2020.
• MSME Policy 2015-20 proposes a holistic package of interventions encompassing fiscal incentives, capital and interest subsidies, seed capital assistance, incentives on land and power, financial aid for skill development and quality improvement and marketing assistance

• Micro, Small and Medium Enterprises (MSME)
  • Worldwide, MSMEs have been accepted as the engine of economic growth and for promoting equitable development.
  • They constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth.
  • With low investment requirements, operational flexibility and the capacity to develop appropriate indigenous technology, SMEs have the power to propel India to new heights.
  • Hence, it seems like there is a silent revolution happening in India powered by MSMEs.