Agreement in Ministry of MSME and Ministry of AYUSH

Question: Recently, the Memorandum of Understanding signed between the Ministry of Micro, Small and Medium Enterprises (MSME) and the Ministry of AYUSH . In this regard, what is not true in the alternative?
(a) This MoU was signed on June 4, 2018.
(b) The objective of this agreement is to establish India as a ‘Global Health Service’ and to be a global leader.
(c) This partnership has been done by both the Ministries to develop enterprises in AYUSH sector.
(d) Under the Memorandum of Understanding, MSME Ministry will provide financial assistance to the AYUSH Ministry for developing AYUSH enterprises.
Ans: (d)
Related Facts:-

  • On June 4, 2018, a Memorandum of Understanding was signed between the Ministries of Micro, Small and Medium Enterprises and the Ministry of AYUSH in New Delhi in the presence of the State Ministers of both the Ministries.
  • This Memorandum of Understanding will ensure reconciliation through the institutions and schemes of both the Ministries for the development of AYUSH enterprises in the country.
  • The aim of this partnership is to establish India as a global leader in ‘Holistic Health Care’.
  • This partnership has been done by both the ministries to develop enterprises in the AYUSH sector.
  • The two ministries will organize regional workshops for the development of entrepreneurship in the AYUSH sector and the Ministry of Micro, Small and Medium Enterprises will formulate new schemes with the help of SIDBI for the benefit AYUSH industries.
  • AYUSH industry includes Ayurveda, Greek, Siddha and Homeopathy drug manufacturing units as well as public and private health care delivery centers.

See also the links below:-
http://pib.nic.in/newsite/PrintHindiRelease.aspx?relid=72567
http://pib.nic.in/newsite/PrintRelease.aspx?relid=179756
https://www.business-standard.com/article/pti-stories/msme-ayush-ministries-to-develop-traditional-medicine-enterprises-118060401015_1.html