Current Affairs · Government Schemes
In May 2020, the Government of India launched the CHAMPIONS platform for Micro, Small, and Medium Enterprises (MSME). Which of the following statements correctly describes this initiative?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is an interest-free loan application platform under the Ministry of Commerce for COVID-distressed MSMEs.
- 2It is an export promotion scheme under the Ministry of Commerce to handle MSME exports.
- 3It is a technology-driven control room-cum-management information system to resolve grievances and support MSMEs.✓
- 4It is a financial assistance scheme under the Ministry of Finance to provide collateral-free loans through public sector banks.
Correct answer
It is a technology-driven control room-cum-management information system to resolve grievances and support MSMEs.
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