schemes

Question 1

1. Consider the following statements with respect to MITRA scheme, which was launched in the Union Budget (2021-22):
2. It aims to boost investment in the Food processing sector in India.
3. It will create world-class infrastructure with plug and play infrastructure to promote export competitiveness.
4. It will help in boosting employment generation.

Answer 1

1.The Finance Minister announced during the Union Budget 2021 presentation that the Government has proposed a “Mega Investment Textiles Parks
(MITRA) scheme”.
• The scheme will enable the textile industry to become globally competitive. So, statement (1) is not correct.
• It will help the industries to attract large investments and boost employment generation besides boosting the exports. So, statement (3) is correct.
• The scheme will help in creating a world class infrastructure with plug and play facilities. This in turn will create global champions in exports. So,
statement (2) is correct.
• MITRA scheme will be launched in addition to the Production Linked Incentive Scheme (PLI).
Textile Industry in India
Textile and apparel industry is the earliest industry in India. It has an inherent and unique strength of incomparable employment potential. This sector is
the biggest employer after agriculture. It directly provides employment to 4.5 crores people and 6 crores employments in the allied sectors. India is the
second-largest manufacturer of textiles and clothing across the world. It is also the second-largest exporter of textiles and apparel. It has a share of 5% in
global trade.

Question 2

1. Which of the following statements is/are correct with reference to the National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED)?
2. It is an apex organization with the object to promote cooperative marketing of agricultural products only.
3. Agricultural farmers are the main members of it, in the form of members of the general body.
4. It provides quality fertilizers to the farmers at a reasonable price.

Answer 2

1.National Agricultural Cooperative Marketing Federation of India Ltd. is registered under the Multi-State Co-operative Societies Act. It was set up as an
apex organization with the object to promote Cooperative marketing of agricultural produce to benefit the farmers. Agricultural farmers are the main
members of NAFED, who have the authority to say in the form of members of the General Body in the working of NAFED.
The objectives of the NAFED shall be to organize, promote and develop marketing, processing and storage of agricultural, horticultural and forest
produce, distribution of agricultural machinery, implements and other inputs, undertake inter-state, import and export trade, wholesale, or retail as the
case may be and to act and assist for technical advice in agricultural, production for the promotion and the working of its members, partners, associates
and cooperative marketing, processing and supply societies in India