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U.K. Sinha Committee
Recently, an expert committee under U.K. Sinha has submitted its final report to the government. For which of the following sector was it constituted to suggest reformative measures?
A |
Micro Small and Medium Enterprises (MSMEs)
|
|
B |
Agricultural Sector
|
|
C |
Banking Sector
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|
D |
None of the above
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Your Ans is
Right ans is A
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- In January 2019, RBI set up an expert committee under the former SEBI chairman U.K. Sinha to suggest long-term solutions for the economic and financial sustainability of the MSME sector.
- It recommended for the creation of a distressed asset fund, with a corpus of Rs. 5,000 crore, structured to assist units in clusters where a change in the external environment, e.g. a ban on plastics or ‘dumping’ has led to a large number of MSMEs becoming non-performing asset (NPA).
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