Explanation:

Only statement 1st is correct.

Recently, the Union Ministry of Commerce and Industry has approved a Spices Board scheme, ‘Sustainability in spice sector through progressive, innovative and collaborative interventions for export development’ (SPICED) scheme.

• It is aimed at significantly enhancing the export of spices and value-added spice products as well as improving the productivity of cardamoms and upgrading the post-harvest quality of spices across India for export.

• It is implemented during the remaining term of the 15th Finance Commission, up to 2025-26.

Key highlights of the Scheme

• It is expected to facilitate value addition and to drive innovation and sustainability in the spice sector by introducing new sub-components/programs like the Mission Value Addition, Mission Clean and Safe Spices, promotion of GI spices, support for entrepreneurship through Spice Incubation Centres, etc.

• The scheme gives thrust on farmers groups / FPOS / Farmers Clusters identified under ODOP and DEH, SC/ST community, Exporters from NE region, and SMEs.

• While exporters with a valid Certificate of Registration as Exporter of Spices (CRES) are eligible for assistance under these programs, preference will be given to first-time applicants, Small and Medium Enterprises (SMEs), etc.

Hence option 1st is correct.