Question : BSE has recently joined hands with Yes Bank to empower SMEs. Statistics(upto june 2019) show that SME accounts for _ and 40% of the total exports in India.
Fill in the blank with appropriate option given below:-
(a) 45% of industrial output
(b) 55% of industrial output
(c) 65% of industrial output
(d) 75% of industrial output
Answer (a)
Related facts
- BSE has recently joined hands with Yes Bank to empower SMEs.It was declared on 28 September 2020.
- The pact aims at empowering the SME segment through awareness and knowledge-sharing programmes.
- As per the Memorandum of Understanding (MoU), BSE and Yes Bank will conduct knowledge events for SMEs, export promotion of SMEs, in addition to providing banking and financial solutions.
- The bank will also offer customised services and products to the listed SME members of the platform.
SMEs in India at a glance
- Statistics(Upto June 2019) show that SME accounts for 45% of industrial output and 40% of the total exports in India.
- It generates employment for 60 million people and creates 1.3 million jobs every year.
- Given that a majority of India’s population lives in villages and Tier-1/Tier 2 cities, the SME sector has also emerged as a key factor to urbanize rural India.
- NASSCOM, India’s industry association for the IT and IT-enabled products has formed SME Council for its SME members who account for 80% its total member-base.
By — Pankaj Pandey