Union Minister for Micro, Small & Medium Enterprises (MSME), Narayan Rane has…

2021

Union Minister for Micro, Small & Medium Enterprises (MSME), Narayan Rane has announced the establishment of MSME-Technology Centre with an outlay of ________ in Sindhudurg, Maharashtra-

  1. A.

    Rs. 100 Crore

  2. B.

    Rs. 200 Crore

  3. C.

    Rs. 300 Crore

  4. D.

    Rs. 400 Crore

  5. E.

    Rs. 500 Crore

Attempted by 3 students.

Show answer & explanation

Correct answer: B

Concept: MSME-Technology Centres (formerly Tool Rooms) are set up by the Ministry of Micro, Small & Medium Enterprises to give industry — especially MSMEs — access to advanced technology, incubation, advisory and skilling support. Each such centre is sanctioned with a specific budgetary outlay, and current-affairs questions test that announced outlay figure.

Application: Union MSME Minister Narayan Rane announced an MSME-Technology Centre at Sindhudurg, Maharashtra, with an announced outlay of Rs. 200 Crore. The centre is meant to provide technology, incubation and advisory support to local MSMEs and to enhance the employability of youth in the region through skilling.

Cross-check: The announced outlay for the Sindhudurg MSME-Technology Centre is Rs. 200 Crore — that is the figure cited in the announcement, so among the offered options Rs. 200 Crore is the one that matches the announced outlay for this centre.

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