New Click here to enroll in UIICL SO Finance and Investment Course

    Register

    Question

    The Union Food Processing Industries Ministry on Wednesday said it has cleared 20 projects worth ₹363.4 crore under two central government schemes. The government will provide a grant-in-aid of ₹102.91 crore for these projects, which together are expected to generate nearly 12,000 jobs and benefit 42,800 farmers, it said in a statement. A decision in this regard was taken in the Inter-Ministerial Approval Committee (IMAC) meeting chaired by the Food Processing Industries Minister Narendra Singh Tomar. According to the ministry, the proposed projects have been cleared under the Scheme for Creation of Infrastructure for Agro-Processing Cluster (APC) and the scheme for Creation/ Expansion of Food Processing and Preservation Capacities (CEFPPC) under Pradhan Mantri Kisan Sampada Yojana (PMKSY) approved in May 2017.

    Who among the following are the beneficiaries of PM FME Schemes?

    I- Micro Food Entrepreneurs

    II- FPOs

    III- SHGs

    IV- Co-operatives

    V- Govt. Registered Food Delivery Aggregators

    A I, II, & III Correct Answer Incorrect Answer
    B II, III, & IV Correct Answer Incorrect Answer
    C I, II, III, & IV Correct Answer Incorrect Answer
    D I, II, IV, & V Correct Answer Incorrect Answer
    E I, II, III, IV & V Correct Answer Incorrect Answer

    Solution

    PM Formalization of Micro Food Processing Scheme (PM FME) It was launched on 29th June 2020. It is a part of Atmanirbhar Bharat Abhiyan. It is a centrally sponsored scheme. The share of expenditure under the PM FME scheme is as follows: 60:40 between the central government and state governments and UTS with the legislature 90:10 between central and North Eastern and Himalayan states 100 percent central assistance for UTs without legislatures. It will run for five years – 2020-21 to 2024-25. The central government will bear the expenditure for the first year irrespective of who incurs it; later will be adjusted in the ratio mentioned above; in the next four years. The government has earmarked Rs. 10000 crores to benefit two lakh micro food processing enterprises. The scheme aims to support: · Micro Food Entrepreneurs · FPOs · SHGs

    • Co-operatives

    Practice Next