CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the total fund allocation for the recently approved 10 projects for the food processing sector?
A
Rs.160.10 crore
B
Rs. 211.90 crore
C
Rs.301.54 crore
D
Rs. 455.63 crore
Explanation: 

Detailed explanation-1: -The following schemes will be implemented under PM Kisan SAMPADA Yojana : Integrated Cold Chain and Value Addition Infrastructure. Creation/ Expansion of Food Processing and Preservation Capacities (Unit Scheme) Infrastructure for Agro-processing Clusters.

Detailed explanation-2: -The scheme envisages financial assistance to food processing units in the form of grant-in-aid as under: 35% of the eligible project cost subject to a maximum of Rs. 5.00 crore in General Areas; 50% of the eligible project cost subject to a maximum of Rs.

Detailed explanation-3: -2, 934.1 crore (US$ 368.8 million) in FY21. India is a major producer of food in the world, with a large and growing market. The food and grocery retail market, valued at US$ 11.3 trillion in 2021, is also among the largest in the global economy.

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