Which Union ministry of India recently launched India Aspiration Fund (IAF) and SMILE scheme to aid small enterprises? [A]Ministry of Agriculture [B]Ministry of Finance [C]Ministry of Communications and Information Technology [D]Ministry of Human Resource Development
Ministry of Finance To provide soft loan for establishment of a Micro, Small and Medium Enterprises (MSME), the Union Finance Minister Mr. Arun Jaitley has launched two funds by Small Industries Development Bank of India (SIDBI). The Union Government will invest Rs 2,000-crore in India Aspiration Fund (IAF) and Rs. 10,000 in SIDBI Make In India Loan For Enterprises (SMILE) scheme.