With reference to lsquo Scheme for Formalisation of Micro Food Processing Enterprises FME rsquo cons...........

Economic Affairs Food Processing

With reference to ‘Scheme for Formalisation of Micro Food Processing Enterprises (FME)’, consider following statements

It intends to increase access to finance for the micro food processing enterprises.
It is a Centrally Sponsored Scheme (CSS) where the expenditure will be shared by the Centre and the States in a ratio of 60:40.
It would be monitored at Centre by an Inter-Ministerial Empowered Committee under the Chairmanship of Minister

Select the correct statement.

1&2 only

2&3 only

1&3 only

All of the above

Recently, the Union Cabinet chaired by Prime Minister has approved the Scheme for formalisation of Micro Food Processing Enterprises (FME).

It is a Centrally Sponsored Scheme (CSS) where the expenditure will be shared by the Centre and the States in a ratio of 60:40. Hence statement 2nd is correct.
The objectives of the scheme are:Increase in access to finance by micro food processing units and Increase in revenues of target enterprises. Hence statement 1st is correct.
The scheme would be monitored at Centre by an Inter-Ministerial Empowered Committee under the Chairmanship of Minister, Food Processing Industries. Hence statement 3rd is incorrect.