Question
Which of the following statements are correct regarding the "SMILE" scheme:
Answer: Option A
Answer: (a)
SIDBI Make in India Soft Loan Fund for Micro, Small & Medium Enterprises (SMILE) scheme:
The objective of the Scheme is to provide soft loans (mainly long-term loans) on relatively soft terms to MSMEs to meet the required debt-equity ratio for the establishment of an MSME as also for pursuing opportunities for growth for existing MSMEs. The focus is on all the identified 25 Make in India sectors or other sectors as may be added, in the Make in India Programme.
Emphasis will be on covering new enterprises in the manufacturing as well as services sector. Existing enterprises will also be covered which are undertaking expansion, to take advantage of new emerging opportunities, as also undertaking modernization, technology up-gradation or other projects for growing their business.
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Answer: (a)
SIDBI Make in India Soft Loan Fund for Micro, Small & Medium Enterprises (SMILE) scheme:
The objective of the Scheme is to provide soft loans (mainly long-term loans) on relatively soft terms to MSMEs to meet the required debt-equity ratio for the establishment of an MSME as also for pursuing opportunities for growth for existing MSMEs. The focus is on all the identified 25 Make in India sectors or other sectors as may be added, in the Make in India Programme.
Emphasis will be on covering new enterprises in the manufacturing as well as services sector. Existing enterprises will also be covered which are undertaking expansion, to take advantage of new emerging opportunities, as also undertaking modernization, technology up-gradation or other projects for growing their business.
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