Which of the following statements are correct?
(A) SMILE loans are aimed pursue growth opportunities
(B) SMILE loans are aimed to pay for the earlier loan
(C) SMILE loans are available to both manufacture and services organisation.
(D) SMILE loans are aimed at setting upstate of the Art manufacturing infrastructure for MSME
(E) SMILE loans are aimed at meeting consumption need of farm based entrepreneures.
Choose the correct answer from the options given below:

Question

Given below are two statements, one is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A):Small businesses are considered important to economic development.
Reason (R): Small businesses can be innovators of new products and provide speacialist support to larger companies.
In the light of the above statements, choose the most appropriate answer from the options given below:

Answer 1

SMILE loans support the growth of manufacturing and service industries by funding development and infrastructure improvements. These loans are not for refinancing existing debts or covering the consumption needs of farm-based businesses.

The Correct Option is B

Solution and Explanation

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