Q98. Policy interventions for MSMEs must be tailored to their conditions. Government policies for MSMEs should therefore help them improve their technological capabilities by focusing on which of the following steps.
1. Providing access to risk capital.
2. Improving Industry/research institute/academia interaction, mostly in clusters
3. Stimulating demand/providing scale through similar treatment in government purchases.
Select the correct code:

(a) Only 1 and 2

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(b) Only 2 and 3

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(d) All of the above

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Solution

The correct option is A (a) Only 1 and 2
1. Providing access to risk capital
2. Setting up of standards for the industry
3. Improving Industry/research institute/academia interaction, mostly in clusters
4. Stimulating demand/providing scale through preferential treatment in government purchases.
5. Modular industrial estates/laboratories near premier technical institutions with the required plug and play facilities

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