The Banking Tutor
MSME - Objective Type
OT MSME 01 Key 06-09-2022
Short Answers
01. Micro enterprise is an enterprise where the investment in plant and machinery
or equipment does not exceed ₹1 crore and turnover does not exceed ₹5 crore.
02. A small enterprise is an enterprise where the investment in plant and machinery
or equipment does not exceed ₹10 crore and turnover does not exceed ₹50 crore.
03. A medium enterprise is an enterprise where the investment in plant and
machinery or equipment does not exceed ₹50 crore and turnover does not exceed
₹250 crore.
04. Though there is no specific target for MSME as such, target for Micro
Enterprises 7.5 % of ANBC or CEOBE, whichever is higher is fixed.
05. The Champions Control Rooms shall act as Single Window Systems for
facilitating the registration process and further handholding the micro, small and
medium enterprises in all possible manner.
06. No enterprise shall file more than one Udyam Registration. Any number of
activities including manufacturing or service or both may be specified or added in
one Udyam Registration.
07. Vide Notification dated 7th July 2021, RBI included Retail Trade and Wholesale
Trade as MSME for Priority Sector Classification (except Vehicles and Motor Cycles)
and they would be allowed to be registered on Udyam Registration Portal.
08. Certified Credit Counsellors are institutions or individuals registered with SIDBI
who shall assist MSMEs in preparing project reports in a professional manner which
would, in turn, help banks make more informed credit decisions.
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09. The objective of TReDS (Trade Receivables Discounting System) is to create
Electronic Bill Factoring Exchanges which could electronically accept and settle bills
so that MSMEs could encash their receivables without delay. This will not only give
them greater access to finance but will also put greater discipline on corporates to
pay their dues on time.
10. Financial Literacy Centres (FLCs) are set up by Banks to provide assistance to the
MSE entrepreneurs in regard to financial literacy, operational skills, including
accounting and finance, business planning etc.
11. Rural Self Employment Training Institutes (RSETIs) have been set up by various
banks all over the country to conduct various short duration (ranging preferably
from 1 to 6 weeks) skill upgradation programmes to help the existing entrepreneurs
compete in this ever-changing global market.
12. MSME Samadhaan is an online portal where MSMEs can file their applications
online regarding delayed payments.
13. MSME Sambandh is a Public Procurement Policy Monitoring Portal, sharing
factsheets about public procurement by Central Public Sector Enterprises (CPSEs),
and facilitating officer login to publish such factsheets.
14. Udyami Mitra Portal is an enabling platform, aims to provide 'End to End'
solutions not only for credit delivery but also for the host of credit plus services by
way of handholding support, application tracking, multiple interface with
stakeholders (i.e. lenders, service providers, applicants).
15. Small Industries Development Bank of India (SIDBI) which is the Principal
Financial Institution for Promotion, Financing and Development of the Micro, Small
and Medium Enterprise (MSME) sector as well as for co-ordination of functions of
institutions engaged in similar activities in the country.
Fil up the Blank
01. 01-07-2020.
02. Composite ; Investment and Turnover
03. Udyam Registration Certificate
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04. Goods and Services Tax Identification Number
05. Income Tax Return (ITR) of the previous years.
06. Self-declaration of the Promoter of the Enterprise
07. All tangible assets, other than land and building, furniture and fittings.
08. Exports of goods or services or both.
09. Nayak Committee
10. Single Window
11. A Cluster-based Approach
12. Rs 10 lakh
13. ₹200 lakh
14. Rs 7.5 crore
15. Rural Self Employment Training Institutes
Sekhar Pariti
+91 9440641014
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