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Consider the following statements:
1. The Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) is a centrally sponsored scheme.
2. The Ministry of Food Processing Industries and NAFED have launched One District One Product (ODOP) brands under the PMFME Scheme.
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?
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Verified Answer
Consider the following statements:1. The Pradhan Mantri Formalisation ...
- Recently, the Ministry of Food Processing Industries and NAFED (National Agricultural Cooperative Marketing Federation of India Limited) launched six, One District One Product (ODOP) brands under the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme. Hence, statement 2 is correct.
- The Ministry has signed an agreement with NAFED for developing 10 brands of selected ODOPs under the branding and marketing component of the PMFME scheme. Out of these, six brands are Amrit Phal, Cori Gold, Kashmiri Mantra, Madhu Mantra, Somdana, and Whole Wheat Cookies of Dilli Bakes.
- It is a centrally sponsored scheme with an outlay of Rs. 10,000 crore.
- The expenditure under the scheme would be shared in 60:40 ratio between Central and State Governments, in 90:10 ratio with North Eastern and Himalayan States, 60:40 ratio with UTs with legislature and 100% by Centre for other UTs. Hence, statement 1 is correct.
Most Upvoted Answer
Consider the following statements:1. The Pradhan Mantri Formalisation ...
Statement 1: The Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) is a centrally sponsored scheme.
Statement 2: The Ministry of Food Processing Industries and NAFED have launched One District One Product (ODOP) brands under the PMFME Scheme.
The correct answer is option C) Both 1 and 2.
Explanation:
The Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) is a centrally sponsored scheme aimed at providing financial, technical, and business support to micro food processing units. The scheme is a part of the Atmanirbhar Bharat Abhiyan and was launched by the Ministry of Food Processing Industries (MoFPI).
Under the PMFME scheme, the government aims to enhance the competitiveness of micro food processing enterprises, promote formalization of the sector, and support the local brands and products. The scheme provides financial assistance for various activities such as capacity building, infrastructure development, technology upgradation, access to credit, and marketing support.
One District One Product (ODOP) is an initiative launched by the MoFPI in collaboration with the National Agricultural Cooperative Marketing Federation of India (NAFED) under the PMFME scheme. The objective of ODOP is to identify and promote specific products from each district of India to leverage the local resources and potential.
Under the ODOP initiative, local products with unique characteristics and traditional skills are identified and branded to enhance their market visibility and create a niche for them in national and international markets. This branding and promotion of ODOP products are done under the PMFME scheme, which provides the necessary support and assistance to micro food processing enterprises involved in producing these products.
Therefore, both statements 1 and 2 are correct. The PMFME scheme is a centrally sponsored scheme, and the MoFPI and NAFED have launched ODOP brands under this scheme to promote specific products from each district of India.
Statement 2: The Ministry of Food Processing Industries and NAFED have launched One District One Product (ODOP) brands under the PMFME Scheme.
The correct answer is option C) Both 1 and 2.
Explanation:
The Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) is a centrally sponsored scheme aimed at providing financial, technical, and business support to micro food processing units. The scheme is a part of the Atmanirbhar Bharat Abhiyan and was launched by the Ministry of Food Processing Industries (MoFPI).
Under the PMFME scheme, the government aims to enhance the competitiveness of micro food processing enterprises, promote formalization of the sector, and support the local brands and products. The scheme provides financial assistance for various activities such as capacity building, infrastructure development, technology upgradation, access to credit, and marketing support.
One District One Product (ODOP) is an initiative launched by the MoFPI in collaboration with the National Agricultural Cooperative Marketing Federation of India (NAFED) under the PMFME scheme. The objective of ODOP is to identify and promote specific products from each district of India to leverage the local resources and potential.
Under the ODOP initiative, local products with unique characteristics and traditional skills are identified and branded to enhance their market visibility and create a niche for them in national and international markets. This branding and promotion of ODOP products are done under the PMFME scheme, which provides the necessary support and assistance to micro food processing enterprises involved in producing these products.
Therefore, both statements 1 and 2 are correct. The PMFME scheme is a centrally sponsored scheme, and the MoFPI and NAFED have launched ODOP brands under this scheme to promote specific products from each district of India.
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Consider the following statements:1. The Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) is a centrally sponsored scheme.2. The Ministry of Food Processing Industries and NAFED have launched One District One Product (ODOP) brands under the PMFME Scheme.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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Consider the following statements:1. The Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) is a centrally sponsored scheme.2. The Ministry of Food Processing Industries and NAFED have launched One District One Product (ODOP) brands under the PMFME Scheme.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 UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:1. The Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) is a centrally sponsored scheme.2. The Ministry of Food Processing Industries and NAFED have launched One District One Product (ODOP) brands under the PMFME Scheme.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 UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. The Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) is a centrally sponsored scheme.2. The Ministry of Food Processing Industries and NAFED have launched One District One Product (ODOP) brands under the PMFME Scheme.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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