With reference to the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, consider the following statements:1. It is a central sector scheme.2. It aims to enhance the competitiveness and promote formalization of the unorganized microandmdash;food processing enterprises in India.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 'B'. Can you explain this answer?

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With reference to the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, consider the following statements:

1. It is a central sector scheme.

2. It aims to enhance the competitiveness and promote formalization of the unorganized micro—food processing enterprises in India.

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 'B'. Can you explain this answer?

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Daily Current Affairs MCQ - September 28, 2021

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With reference to the Pradhan Mantri Formalisation of Micro food proce...

The Ministry of Food Processing Industries in association with the Ministry of Housing and Urban Affairs, under the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, virtually launched the Seed Capital Module.

It was launched on Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) MIS Portal for seed capital assistance to members of urban Self Help Groups working in the food processing sector in India.
The seed capital portal can be accessed at https://nulm.gov.in/Auth/Login.aspx for Self Help Groups to avail the seed capital assistance of Rs.40,000 per SHG member under the PMFME Scheme.

About the PMFME Scheme

Launched under the Aatmanirbhar Bharat Abhiyan, the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme is a centrally sponsored scheme that aims to enhance the competitiveness and promote formalization of the unorganized micro—food processing enterprises in India.
The scheme aims to empower the self-help groups by:
- Seed capital support of Rs.40,000 per SHG member;
- Credit linked subsidy for capital investment up to 35% with a ceiling of Rs. 10 lakh;
- Credit linked grantsupport up to 35% for establishing common infrastructure;
- Handholding support for DPR preparation and;
- Capacity building and training support.

Hence only statement 2 is correct.

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With reference to the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, consider the following statements:1. It is a central sector scheme.2. It aims to enhance the competitiveness and promote formalization of the unorganized micro—food processing enterprises in India.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 'B'. Can you explain this answer?

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