Economics · Government Schemes
What is the key objective of the National Manufacturing Competitiveness Programme (NMCP) managed for MSMEs?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To directly source and distribute raw materials at subsidized prices to remote rural units
- 2To provide venture capital and direct equity support to newborn startups
- 3To grant MSMEs absolute exemption from all forms of direct and indirect taxes
- 4To improve the global competitiveness of MSMEs through technological interventions, design, and quality tools✓
Correct answer
To improve the global competitiveness of MSMEs through technological interventions, design, and quality tools
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