With reference to the recently proposed ldquo Village Storage Scheme rdquo consider the following st...........

Finance (Phase -I & II) Public Finance The union budget

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With reference to the recently proposed “Village Storage Scheme”, consider the following statements:

1. It will involve Women Self Help Groups (SHGs).

2. It will provide farmers with a good holding capacity and reduce their logistics cost.

Which of the above statements is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

In her Budget speech, Union Finance Minister Nirmala Sitharaman announced that the government will launch a ‘Village Storage Scheme’. This, she said, will be run by women’s self-help groups.
The scheme aims to provide holding capacity for farmers and through this, women in villages and the rural part of the country will be able to retain their status as “Dhaanya Lakshmi” (one of the eight forms of Hindu deity Lakshmi, the goddess of wealth). It will also help to reduce their logistics cost and increase their income.