Economics • Indian EconomyEasy
Which statutory body oversees the regulation and promotion of micro, small, and medium enterprises (MSMEs) through industrial clusters located in manufacturing hubs like Faridabad and Gurugram?
A. Haryana State Industrial and Infrastructure Development Corporation (HSIIDC)✓ Correct Answer
B. Haryana Urban Development Authority
C. National Bank for Agriculture and Rural Development
D. State Bank of India Corporate Lending Division
💡 Solution & Explanation
HSIIDC plays a pivotal role in developing industrial estates, setting up infrastructural facilities, and promoting MSMEs across major industrial nodes in Haryana such as Manesar, Bawal, and Faridabad. Industrial infrastructure development is a key pillar of the state's economic strategy to generate non-farm employment. MSMEs contribute significantly to manufacturing output and export earnings within the state economy.
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