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Consider the following statements regarding the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME)Scheme:
1. The scheme was launched under the Aatmanirbhar Bharat Abhiyan as a central sector scheme.
2. It aims to enhance the competitiveness of existing individual micro-enterprises inthe unorganized segment of the food processing industry.
Which of the statements given aboveis/are correct?
1. The scheme was launched under the Aatmanirbhar Bharat Abhiyan as a central sector scheme.
2. It aims to enhance the competitiveness of existing individual micro-enterprises inthe unorganized segment of the food processing industry.
Which of the statements given aboveis/are correct?
- a)1 only
- b)Both 1 and 2
- c)2 only
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding the Pradhan Mantri Formali...
Statement 1 is incorrect and statement 2 is correct: 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 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.
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Consider the following statements regarding the Pradhan Mantri Formali...
Statement 1: The scheme was launched under the Aatmanirbhar Bharat Abhiyan as a central sector scheme.
The first statement is incorrect. The Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme was not launched under the Aatmanirbhar Bharat Abhiyan. It was launched as a part of the Atmanirbhar Bharat Abhiyan, which is a broader economic stimulus package announced by the Government of India in response to the COVID-19 pandemic. The PMFME Scheme specifically focuses on the micro food processing enterprises and is not a central sector scheme.
Statement 2: It aims to enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry.
The second statement is correct. The objective of the PMFME Scheme is to enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry. The scheme aims to provide financial, technical, and business support for the upgradation and formalization of these micro-enterprises. It seeks to promote the development of these enterprises by providing them with access to credit, modern technology, and training.
The scheme has several components:
1. Capacity Building: It includes training and skill development programs for the beneficiaries to enhance their knowledge and skills in food processing and entrepreneurship.
2. Credit Linked Subsidy: It provides credit-linked capital subsidy to the micro-enterprises for technological upgradation and expansion.
3. Marketing and Branding Support: It focuses on providing support for marketing and branding activities to improve market access for the micro-enterprises.
4. Infrastructure Development: It aims to develop common infrastructure facilities like testing labs, processing centers, cold storage units, etc., to support the growth of micro-enterprises.
5. Research and Development (R&D): It encourages R&D activities in the food processing sector to promote innovation and product development.
Overall, the PMFME Scheme is designed to empower the micro food processing enterprises by providing them with the necessary support and resources to enhance their competitiveness in the market. It aims to promote the formalization and growth of these enterprises, leading to job creation and economic development in the food processing industry.
The first statement is incorrect. The Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme was not launched under the Aatmanirbhar Bharat Abhiyan. It was launched as a part of the Atmanirbhar Bharat Abhiyan, which is a broader economic stimulus package announced by the Government of India in response to the COVID-19 pandemic. The PMFME Scheme specifically focuses on the micro food processing enterprises and is not a central sector scheme.
Statement 2: It aims to enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry.
The second statement is correct. The objective of the PMFME Scheme is to enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry. The scheme aims to provide financial, technical, and business support for the upgradation and formalization of these micro-enterprises. It seeks to promote the development of these enterprises by providing them with access to credit, modern technology, and training.
The scheme has several components:
1. Capacity Building: It includes training and skill development programs for the beneficiaries to enhance their knowledge and skills in food processing and entrepreneurship.
2. Credit Linked Subsidy: It provides credit-linked capital subsidy to the micro-enterprises for technological upgradation and expansion.
3. Marketing and Branding Support: It focuses on providing support for marketing and branding activities to improve market access for the micro-enterprises.
4. Infrastructure Development: It aims to develop common infrastructure facilities like testing labs, processing centers, cold storage units, etc., to support the growth of micro-enterprises.
5. Research and Development (R&D): It encourages R&D activities in the food processing sector to promote innovation and product development.
Overall, the PMFME Scheme is designed to empower the micro food processing enterprises by providing them with the necessary support and resources to enhance their competitiveness in the market. It aims to promote the formalization and growth of these enterprises, leading to job creation and economic development in the food processing industry.
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Consider the following statements regarding the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME)Scheme:1. The scheme was launched under the Aatmanirbhar Bharat Abhiyan as a central sector scheme.2. It aims to enhance the competitiveness of existing individual micro-enterprises inthe unorganized segment of the food processing industry.Which of the statements given aboveis/are correct?a)1 onlyb)Both 1 and 2c)2 onlyd)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME)Scheme:1. The scheme was launched under the Aatmanirbhar Bharat Abhiyan as a central sector scheme.2. It aims to enhance the competitiveness of existing individual micro-enterprises inthe unorganized segment of the food processing industry.Which of the statements given aboveis/are correct?a)1 onlyb)Both 1 and 2c)2 onlyd)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 Consider the following statements regarding the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME)Scheme:1. The scheme was launched under the Aatmanirbhar Bharat Abhiyan as a central sector scheme.2. It aims to enhance the competitiveness of existing individual micro-enterprises inthe unorganized segment of the food processing industry.Which of the statements given aboveis/are correct?a)1 onlyb)Both 1 and 2c)2 onlyd)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 Consider the following statements regarding the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME)Scheme:1. The scheme was launched under the Aatmanirbhar Bharat Abhiyan as a central sector scheme.2. It aims to enhance the competitiveness of existing individual micro-enterprises inthe unorganized segment of the food processing industry.Which of the statements given aboveis/are correct?a)1 onlyb)Both 1 and 2c)2 onlyd)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements regarding the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME)Scheme:1. The scheme was launched under the Aatmanirbhar Bharat Abhiyan as a central sector scheme.2. It aims to enhance the competitiveness of existing individual micro-enterprises inthe unorganized segment of the food processing industry.Which of the statements given aboveis/are correct?a)1 onlyb)Both 1 and 2c)2 onlyd)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 Consider the following statements regarding the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME)Scheme:1. The scheme was launched under the Aatmanirbhar Bharat Abhiyan as a central sector scheme.2. It aims to enhance the competitiveness of existing individual micro-enterprises inthe unorganized segment of the food processing industry.Which of the statements given aboveis/are correct?a)1 onlyb)Both 1 and 2c)2 onlyd)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 Consider the following statements regarding the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME)Scheme:1. The scheme was launched under the Aatmanirbhar Bharat Abhiyan as a central sector scheme.2. It aims to enhance the competitiveness of existing individual micro-enterprises inthe unorganized segment of the food processing industry.Which of the statements given aboveis/are correct?a)1 onlyb)Both 1 and 2c)2 onlyd)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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