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How much investment is expected to be attracted through the MoU signed between Fame TN and SIDBI on International MSME Day?
- a)₹1,723 crore
- b)₹1,510 crore
- c)₹2,045 crore
- d)₹1,300 crore
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
How much investment is expected to be attracted through the MoU signed...
Investment Attraction through MoU between Fame TN and SIDBI
Investment Expected: 1,510 crore
Investment in MSMEs:
- The Memorandum of Understanding (MoU) signed between Fame TN (Forum for Advancement of Micro Enterprises, Tamil Nadu) and SIDBI (Small Industries Development Bank of India) on International MSME Day aims to attract a significant investment in the micro, small, and medium enterprises (MSMEs) sector.
- The expected investment through this MoU is 1,510 crore, which will be directed towards supporting and boosting the growth of MSMEs in Tamil Nadu.
Significance of the MoU:
- This collaboration between Fame TN and SIDBI is crucial as MSMEs play a vital role in the economic development of the country by contributing to employment generation, industrial output, and exports.
- The partnership is expected to provide a major impetus to the MSME sector in Tamil Nadu, leading to job creation, innovation, and overall economic growth.
Key Objectives:
- The MoU aims to facilitate financial assistance, capacity building, technology adoption, and market linkages for MSMEs in the state.
- It also focuses on promoting entrepreneurship among women and marginalized sections of society to foster inclusive growth.
Expected Impact:
- The investment of 1,510 crore is expected to catalyze the growth of MSMEs in Tamil Nadu, enabling them to scale up operations, enhance productivity, and access new markets.
- This initiative is likely to create a conducive ecosystem for MSMEs to thrive, thereby contributing to the socio-economic development of the state.
In conclusion, the MoU between Fame TN and SIDBI holds great promise for the MSME sector in Tamil Nadu, with the expected investment of 1,510 crore set to drive sustainable growth and prosperity in the region.
Investment Expected: 1,510 crore
Investment in MSMEs:
- The Memorandum of Understanding (MoU) signed between Fame TN (Forum for Advancement of Micro Enterprises, Tamil Nadu) and SIDBI (Small Industries Development Bank of India) on International MSME Day aims to attract a significant investment in the micro, small, and medium enterprises (MSMEs) sector.
- The expected investment through this MoU is 1,510 crore, which will be directed towards supporting and boosting the growth of MSMEs in Tamil Nadu.
Significance of the MoU:
- This collaboration between Fame TN and SIDBI is crucial as MSMEs play a vital role in the economic development of the country by contributing to employment generation, industrial output, and exports.
- The partnership is expected to provide a major impetus to the MSME sector in Tamil Nadu, leading to job creation, innovation, and overall economic growth.
Key Objectives:
- The MoU aims to facilitate financial assistance, capacity building, technology adoption, and market linkages for MSMEs in the state.
- It also focuses on promoting entrepreneurship among women and marginalized sections of society to foster inclusive growth.
Expected Impact:
- The investment of 1,510 crore is expected to catalyze the growth of MSMEs in Tamil Nadu, enabling them to scale up operations, enhance productivity, and access new markets.
- This initiative is likely to create a conducive ecosystem for MSMEs to thrive, thereby contributing to the socio-economic development of the state.
In conclusion, the MoU between Fame TN and SIDBI holds great promise for the MSME sector in Tamil Nadu, with the expected investment of 1,510 crore set to drive sustainable growth and prosperity in the region.
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How much investment is expected to be attracted through the MoU signed...
On International MSME Day (June 27), FaMe TN (Facilitating MSMEs of Tamil Nadu) and the Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) to attract investments totaling over ₹1,723 crore. The collaboration aims to create over 7,400 jobs in Tamil Nadu.
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