Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q92: Regarding the "Lean Manufacturing Competitiveness Scheme" (LMCS) for MSMEs, which of the following is NOT a correct feature or objective?

A
It aims to reduce "Muda" (Waste) in manufacturing processes, such as overproduction and excess inventory.
B
The scheme is implemented through "Mini Clusters" consisting of 4 to 10 MSME units.
C
The Government of India provides 100% funding for the cost of the Lean Consultant for all units.
D
The scheme utilizes techniques like 5S, Kaizen, and Kanban.
✅ Correct Answer: C
The Government does not fund 100% of the consultant cost.
Under the revised MSME Champions guidelines, the Government contributes 90% of the implementation cost for handholding and consultancy fees.
The remaining 10% must be borne by the beneficiary MSME.
The scheme uses Mini Clusters (4-10 units) to implement Lean techniques like 5S and Kaizen.