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Q75 (CDS-II/2025) Economy › Industry, Infrastructure & Investment › Industrial growth trends Answer Verified

Consider the following statements about the Indian Institute of Entrepreneurship (IIE) : 1. The IIE was established in 1999 in Guwahati. 2. The main aim of the institute is to provide training, research and consulting activities for small and micro enterprises. Which of the statements given above is/are correct ?

Result
Your answer: —  Â·  Correct: B
Explanation

The Indian Institute of Entrepreneurship (IIE) was established in 1993, not 1999, in Guwahati, Assam. It was set up by the Ministry of Industry (now under the Ministry of Skill Development and Entrepreneurship) to act as a nodal agency for entrepreneurship development in the North East. Statement 1 is therefore incorrect. Statement 2 is correct as the institute's primary mandate is to provide training, research, and consultancy services specifically tailored for small and micro-enterprises. This aligns with the broader national objective of enhancing the competitiveness of the MSME sector through skill upgradation and enterprise development. While the provided snippets focus on SIDBI and general MSME initiatives, they highlight the government's 'Credit+' approach and promotional support for enterprise development, which the IIE executes at the regional level through its specialized training and research programs.

Sources

  1. [1] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > Role of government in the promotion of MSME sector: > p. 235
  2. [2] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 7: Money and Banking > Small Industries Development Bank of India > p. 182
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