Question
Central Government’s PM FME scheme aims at
providing financial, technical and business support to upgrade existing micro food processing enterprises. What does the “F” stand for in PM FME? The Union Food Processing Industries Ministry on Wednesday said it has cleared 20 projects worth ₹363.4 crore under two central government schemes. The government will provide a grant-in-aid of ₹102.91 crore for these projects, which together are expected to generate nearly 12,000 jobs and benefit 42,800 farmers, it said in a statement. A decision in this regard was taken in the Inter-Ministerial Approval Committee (IMAC) meeting chaired by the Food Processing Industries Minister Narendra Singh Tomar. According to the ministry, the proposed projects have been cleared under the Scheme for Creation of Infrastructure for Agro-Processing Cluster (APC) and the scheme for Creation/ Expansion of Food Processing and Preservation Capacities (CEFPPC) under Pradhan Mantri Kisan Sampada Yojana (PMKSY) approved in May 2017.Solution
The Ministry of Food Processing Industries (MoFPI) has launched the PM Formalization of Micro Food Processing Scheme on 29th June 2020. The PM FME scheme intends to provide financial, technical and business support to upgrade existing micro food processing enterprises.
- Select the most appropriate option to substitute the bolded segment in the given sentence.
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