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Consider the following statements regarding the SPICED Scheme
It is aimed at enhancing the export of spices and value-added spice products.
It is an initiative of the Union Ministry of Agriculture and Farmer’s Welfare.
Which of the statements given above is/are correct?
1 only
2 only
Both
None
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 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.
By: Shubham Tiwari ProfileResourcesReport error
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