The National Board for Micro, Small and Medium Enterprises meets once every ________ months in a year.
3
Understanding the National Board for MSME Meetings
The question asks about the frequency of meetings of the National Board for Micro, Small and Medium Enterprises (MSMEs).
The National Board for MSME is an advisory body constituted by the Central Government under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. Its primary role is to examine matters relating to the promotion and development of the MSME sector and provide recommendations to the government.
Meeting Frequency of the National Board for MSME
As per Section 3(4) of the MSMED Act, 2006: "The Board shall meet at least once in every three months in a year at such time and place and observe such rules of procedure in regard to the transaction of business at its meetings as may be prescribed."
Therefore, the National Board for MSME meets once every 3 months in a year. Hence, the correct answer is 3.
Revision Table: National Board for MSME
| Aspect | Details |
|---|---|
| Body Name | National Board for Micro, Small and Medium Enterprises (MSME) |
| Governing Act | MSMED Act, 2006 |
| Relevant Provision | Section 3(4) |
| Meeting Frequency | At least once every 3 months |
| Purpose | Advisory body to the Central Government on MSME development |
Additional Information: MSME Sector
The MSME sector is a cornerstone of the Indian economy, contributing significantly to GDP, employment, manufacturing output, and exports, especially in rural and semi-urban areas.
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