Statements on SMILE Scheme
CMAT 2024 · Innovation & Entrepreneurship · Medium · Government Schemes
Which of the following statements are correct? (A) SMILE loans are aimed pursue growth opportunities (B) SMILE loans are aimed to pay for the earlier loan (C) SMILE loans are available to both manufacturing and services organisations. (D) SMILE loans are aimed at setting upstate of the Art manufacturing infrastructure for MSME (E) SMILE loans are aimed at meeting the consumption needs of farm-based entrepreneurs.
Choose the correct answer from the options given below :
- A.
A, B, C only
- B.
A, C, D only
- C.
B, C, E only
- D.
C, D, E only
B
Explanation
SIDBI Make in India Soft Loan Fund for Micro Small & Medium Enterprises (SMILE) aims at enabling MSMEs to pursue growth opportunities (A), covers both manufacturing and service sectors (C), and helps establish modern infrastructure (D). It is not for refinancing past loans (B) or farm consumption needs (E).
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