MSME Policy, Regulatory, Legal and Compliance Framework
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Small and Medium Enterprises in India — Certificate Course on MSME.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
What is India's MSME sector's approximate contribution to GDP?
The MSME sector contributes roughly 30% of India's GDP and is the second-largest employer in the country.
What is MSME's approximate contribution to employment — it is the ___-largest employer in India?
Second-largest
Which law provided the basic framework for post-Independence industrialisation in India?
The Industries (Development and Regulation) Act, 1951 provided the basic framework for post-Independence industrialisation.
Which Industries Act of 1951 provided the basic framework for licensing, location, production and pricing of industries post-Independence?
Industries (Development and Regulation) Act, 1951
Which committee report of 1955 was the earliest formal blueprint recommending a protective environment for small industry?
The Karve Committee Report of 1955 was the earliest formal blueprint that recommended a protective environment for small industry.
What was the name of the apex body set up in 1954 for organised growth of MSMEs, now known as MSME-DO?
SIDO (Small Industries Development Organisation)
What did the Expert Committee on Small Enterprises (1997) conclude about support for small enterprises?
The Expert Committee concluded that small enterprises will continue to need exceptional support in the areas of finance, technology and infrastructure.
Which three organisations were established within two years of SIDO to support the MSME sector?
NSIC, KVIC and Coir Board
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