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Under Tamil Nadu's industrial policies, which initiative is specifically designed to support Micro, Small and Medium Enterprises (MSMEs)?

medium Q4 of Q15
Current Affairs - Tamil Nadu Schemes & Governance
Under Tamil Nadu's industrial policies, which initiative is specifically designed to support Micro, Small and Medium Enterprises (MSMEs)?
AProvision of subsidized loans and technology upgradation
BMandatory closure of MSMEs after 5 years
CExclusive focus on large-scale industries
DBan on MSME exports
Step-by-Step Solution
  1. Step 1: Identify MSME support initiatives

    Tamil Nadu promotes MSMEs through financial and technological assistance.
  2. Step 2: Evaluate options

    Subsidized loans and technology upgradation help MSMEs grow. Closure mandates, exclusive large industry focus, or export bans contradict MSME promotion.
  3. Final Answer:

    Provision of subsidized loans and technology upgradation → Option A
  4. Quick Check:

    MSME support = Subsidized loans and technology aid ✅
Quick Trick: Remember MSME growth needs financial and tech support.
Common Mistakes:
MISTAKES
  • Assuming MSMEs face export bans or closure mandates.
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