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With respect to the Pradhan Mantri Formalization of Micro food processing Enterprises (PMF ME) Scheme, consider the following statements:
The expenditure would be shared in a 60:40 ratio between the State and Central Governments.
An initial funding of Rs. 40,000- per Self Help Group (SHG) member would be provided for working capital and purchase of small tools.
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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With respect to the Pradhan Mantri Formalization of Micro food proces...
PMF ME SchemeThe Pradhan Mantri Formalization of Micro food processing Enterprises (PMF ME) Scheme is a Central Sector Scheme that aims to support the formalization of the existing micro food processing enterprises. These enterprises will be provided with better access to credit, technology, and better markets. The scheme also aims to help in generating employment opportunities in the rural and urban areas.60:40 RatioThe first statement is correct. The expenditure for the PMF ME Scheme would be shared in a 60:40 ratio between the State and Central Governments. This means that the Central Government would provide 60% of the funds required for the scheme, while the State Government would provide the remaining 40%.Initial FundingThe second statement is also correct. An initial funding of Rs. 40,000 per Self Help Group (SHG) member would be provided for working capital and the purchase of small tools. This funding would be provided as a grant, and it would help the SHG members in starting their micro food processing enterprises. The SHGs would be selected by the State Governments, and they would be required to have at least five members.ConclusionTherefore, both the statements given in the question are correct. The PMF ME Scheme aims to support the formalization of micro food processing enterprises and provide better access to credit, technology, and markets. The expenditure for the scheme would be shared in a 60:40 ratio between the State and Central Governments, and an initial funding of Rs. 40,000 per SHG member would be provided for working capital and the purchase of small tools.
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With respect to the Pradhan Mantri Formalization of Micro food proces...
Pradhan Mantri Formalization of Micro food processing Enterprises (PMF ME) Scheme: Launched under Atmanirbhar Abhiyan (in 2020), it aims to enhance the competitiveness of existing individual micro-enterprises in the unorganised segment of the food processing industry and to promote formalisation of the sector and provide support to Farmer Producer Organisations, Self Help Groups, and Producers Cooperatives along their entire value chain.
The scheme adopts the One District One Product (ODOP) approach to reap the benefit of scale in terms of procurement of inputs, availing common services and marketing of products. It will be implemented over a period of five years from 2020-21 to 2024-25. It is a centrally sponsored scheme with an outlay of Rs. 10,000 crores. The expenditure under the scheme would be shared in a 60:40 ratio between Central and State Governments, in 90:10 ratio with Northeastern and Himalayan States, 60:40 ratio with UTs with legislature and 100% by Centre for other UTs.
Hence, statement 1 is not correct. A seed capital (initial funding) of Rs. 40,000- per Self Help Group (SHG) member would be provided for working capital and purchase of small tools. Hence, statement 2 is correct.
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With respect to the Pradhan Mantri Formalization of Micro food processing Enterprises (PMF ME) Scheme, consider the following statements: The expenditure would be shared in a 60:40 ratio between the State and Central Governments. An initial funding of Rs. 40,000- per Self Help Group (SHG) member would be provided for working capital and purchase of small tools. 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 respect to the Pradhan Mantri Formalization of Micro food processing Enterprises (PMF ME) Scheme, consider the following statements: The expenditure would be shared in a 60:40 ratio between the State and Central Governments. An initial funding of Rs. 40,000- per Self Help Group (SHG) member would be provided for working capital and purchase of small tools. 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? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With respect to the Pradhan Mantri Formalization of Micro food processing Enterprises (PMF ME) Scheme, consider the following statements: The expenditure would be shared in a 60:40 ratio between the State and Central Governments. An initial funding of Rs. 40,000- per Self Help Group (SHG) member would be provided for working capital and purchase of small tools. 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? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With respect to the Pradhan Mantri Formalization of Micro food processing Enterprises (PMF ME) Scheme, consider the following statements: The expenditure would be shared in a 60:40 ratio between the State and Central Governments. An initial funding of Rs. 40,000- per Self Help Group (SHG) member would be provided for working capital and purchase of small tools. 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?.
With respect to the Pradhan Mantri Formalization of Micro food processing Enterprises (PMF ME) Scheme, consider the following statements: The expenditure would be shared in a 60:40 ratio between the State and Central Governments. An initial funding of Rs. 40,000- per Self Help Group (SHG) member would be provided for working capital and purchase of small tools. 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? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With respect to the Pradhan Mantri Formalization of Micro food processing Enterprises (PMF ME) Scheme, consider the following statements: The expenditure would be shared in a 60:40 ratio between the State and Central Governments. An initial funding of Rs. 40,000- per Self Help Group (SHG) member would be provided for working capital and purchase of small tools. 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? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With respect to the Pradhan Mantri Formalization of Micro food processing Enterprises (PMF ME) Scheme, consider the following statements: The expenditure would be shared in a 60:40 ratio between the State and Central Governments. An initial funding of Rs. 40,000- per Self Help Group (SHG) member would be provided for working capital and purchase of small tools. 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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