Examveda

The Micro Small and Medium Enterprises Development (MSMED) Act was passed in

A. 2005

B. 2006

C. 2008

D. 2010

Answer: Option B

Solution (By Examveda Team)

To develop the rural and backward areas, the micro, small and medium enterprises (MSME) aims to encourage small and village industries. A Facilitation Council has been set up under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 at Chandigarh.

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