CURRENT AFFAIRS

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Central Government will grant how much subsidies for food processing industries in the North-Eastern states?

A	75%
B	90%
C	50%
D	48%

Explanation:

Detailed explanation-1: -50% of the eligible project cost subject to a maximum of Rs. 5.00 Crores in North Eastern States including Sikkim and Difficult areas including Himalayan States (Himachal Pradesh, J&K & Uttarakhand), State Notified ITDP areas and Islands.

Detailed explanation-2: -The Prime Minister- Formalisation of Micro Food Processing Enterprises (PM-FME) scheme, aimed at promoting ‘vocal for local’ in the sector, under the Atmanirbhar Bharat Abhiyan, was launched in June 2020 to support 2 lakh micro food processing units with credit linked subsidy with a total outlay of Rs.

Detailed explanation-3: -The National Food Processing Policy was launched to develop the food processing sector. It aims to address the gaps hampering the growth of the sector. Also, the policy aims to increase the investment in the sector by six times by 2035.

There is 1 question to complete.