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 of existing individual micro-enterprises in the unorganized segment of the food processing industry.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 of existing individual micro-enterprises in the unorganized segment of the food processing industry.

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 - January 7, 2022

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

Union Minister for Ministry of Food Processing Industries and senior officials of NAFED today launched six, One District One Product (ODOP) brands under the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme at Panchsheel Bhawan, New Delhi.

The Ministry of Food Processing Industries 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 namely Amrit Phal, Cori Gold, Kashmiri Mantra, Madhu Mantra, Somdana, and Whole Wheat Cookies of Dilli Bakes were launched recently.
The brand Amrit Phal for amla juice has been exclusively developed under the ODOP concept for Gurugram, Haryana.
Cori Gold brand has been developed for coriander powder which is the identified ODOP for Kota, Rajasthan.
Brand Kashmiri Mantra brings out the essence of spices from Kulgam, Jammu and Kashmir.
Brand Madhu Mantra has been developed under the ODOP concept for honey from Saharanpur, Uttar Pradesh.
Whole wheat cookies, is the second product developed under the brand Dilli Bakes.
Brand Somdana has been developed under the ODOP concept of milletsfrom Thane, Maharashtra.

PMFME Scheme:

Launched under the Aatmanirbhar Bharat Abhiyan, the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme is a centrally sponsored scheme.
It aims to enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry and to promote formalization of the sector and provide support to Farmer Producer Organizations, Self Help Groups, and Producers Cooperatives along their entire value chain.
With an outlay of Rs. 10,000 crore over a period of five years from 2020-21 to 2024-25, the scheme envisions to directly assist the 2,00,000 micro food processing units for providing financial, technical, and business support for up-gradation of existing micro food processing enterprises.

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 of existing individual micro-enterprises in the unorganized segment of the food processing industry.Which of the statements given above is/are 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 of existing individual micro-enterprises in the unorganized segment of the food processing industry.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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