Question

What are the number of MSMEs, around which 200 parks are targeted to be created under M-Parks Policy and the value of Investment by 2023 ?
1. 25,000 MSMEs, Rs. 40,000 Crores
2. 30,000 MSMEs, Rs. 45,000 Crores
3. 20,000 MSMEs, Rs. 35,000 Crores
4. 35,000 MSMEs, Rs. 50,000 Crores

Answer 1

Correct Answer - Option 2 : 30,000 MSMEs, Rs. 45,000 Crores

The correct answer is 30,000 MSMEs, Rs. 45,000 Crores.

• The overall target is to create around 200 parks by 2023 with 30,000 MSMEs with an employment potential for three lakh people and an investment of Rs 45,000 crore.
• Financial crunch and non-availability of land have become major impediments in rolling out the policy.
• Each M-Park is proposed to be set up to an extent of 100 acres in each of the 175 constituencies with the state government providing Rs 10 lakh per acre as a subsidy for infrastructure development.
• The total fund required for this is Rs 1,750 crore, while the government has earmarked only Rs 100 crore towards this in the 2018-19 Budget.