Question
Which of the following is INCORRECTLY stated about the
Central Sector Scheme for Formation and Promotion of 10,000 FPOs?Solution
Statement D is incorrect. The scheme provides handholding support for a period of 5 years from the year of FPO creation — not 3 years. Financial assistance of ₹18 lakh as management cost is provided over 3 years, which is separate from handholding. All other statements are accurate: ₹6,865 crore total outlay; equity grant up to ₹15 lakh at ₹2,000/member; credit guarantee up to ₹2 crore; and onboarding on e-NAM, ONDC, and GeM
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It nullif...
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