With reference to 39 CHAMPIONS Platform 39 consider following statements It is real one stop sh...........

Economic Affairs Small Scale Industries

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With reference to 'CHAMPIONS Platform', consider following statements

It is real one-stop-shop solution of Ministry of textile, for making the smaller units big by solving their grievances, encouraging, supporting, helping and handholding.
It stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength.

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

Recently, Prime Minister Modi launched the technology platform CHAMPIONS to empower MSMEs. CHAMPIONS stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. The portal is basically for making the smaller units big by solving their grievances, encouraging, supporting, helping and handholding. It is a real one-stop-shop solution of MSME Ministry. This ICT based system is set up to help the MSMEs in present difficult situation and also to handhold them to become national and international champions. As part of the system a network of control rooms is created in a Hub & Spoke Model. The Hub is situated in New Delhi in the Secretary MSME’s office. The spokes are in the States in various offices and institutions of MSME Ministry. Hence only statement 2nd is correct.