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Concerning the "Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)", consider the following statements:
1. The Empowered Group of Secretaries, headed by the Cabinet Secretary, will oversee the scheme at the middle.
2. A Project Management Agency will be in charge of implementing the scheme (PMA).
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Concerning the "Production Linked Incentive Scheme for Food Proce...
The Union Cabinet has approved the Central Sector Scheme - "Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)" with an outlay of Rs. 10900 crore.
  • The objectives of the Scheme are to support food manufacturing entities with stipulated minimum Sales and willing to make minimum stipulated investment for expansion of processing capacity and Branding abroad to incentivise emergence of strong Indian brands.
  • The scheme will be rolled out on All India basis.
  • The scheme shall be implemented through a Project Management Agency (PMA). The Scheme would be monitored at Centre by the Empowered Group of Secretaries chaired by the Cabinet Secretary.
  • The duration of the scheme will be six years i.e., 2021-22 to 2026-27. The incentive under the scheme would be paid for six years ending 2026-27.
  • The scheme is "fund-limited", i.e., cost shall be restricted to the approved amount.
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Most Upvoted Answer
Concerning the "Production Linked Incentive Scheme for Food Proce...
The Union Cabinet has approved the Central Sector Scheme - "Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)" with an outlay of Rs. 10900 crore.
  • The objectives of the Scheme are to support food manufacturing entities with stipulated minimum Sales and willing to make minimum stipulated investment for expansion of processing capacity and Branding abroad to incentivise emergence of strong Indian brands.
  • The scheme will be rolled out on All India basis.
  • The scheme shall be implemented through a Project Management Agency (PMA). The Scheme would be monitored at Centre by the Empowered Group of Secretaries chaired by the Cabinet Secretary.
  • The duration of the scheme will be six years i.e., 2021-22 to 2026-27. The incentive under the scheme would be paid for six years ending 2026-27.
  • The scheme is "fund-limited", i.e., cost shall be restricted to the approved amount.
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Concerning the "Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)", consider the following statements:1. The Empowered Group of Secretaries, headed by the Cabinet Secretary, will oversee the scheme at the middle.2. A Project Management Agency will be in charge of implementing the scheme (PMA).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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Concerning the "Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)", consider the following statements:1. The Empowered Group of Secretaries, headed by the Cabinet Secretary, will oversee the scheme at the middle.2. A Project Management Agency will be in charge of implementing the scheme (PMA).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Concerning the "Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)", consider the following statements:1. The Empowered Group of Secretaries, headed by the Cabinet Secretary, will oversee the scheme at the middle.2. A Project Management Agency will be in charge of implementing the scheme (PMA).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Concerning the "Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)", consider the following statements:1. The Empowered Group of Secretaries, headed by the Cabinet Secretary, will oversee the scheme at the middle.2. A Project Management Agency will be in charge of implementing the scheme (PMA).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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