Q. Consider the following statements regarding the Tex-RAMPS Scheme:
1.It is a centrally sponsored scheme.
2.The Ministry of Finance is the nodal ministry of scheme.
3.It is co-terminus with the upcoming Finance Commission cycle.
How many of the above statements are correct?
Answer: B
Notes:
Explanation: 3 only
Statement 1 is incorrect: It will be implemented as a Central Sector Scheme, fully funded by the Ministry of Textiles.
Statement 2 is incorrect: The Ministry of Textiles is the nodal ministry of the scheme.
Statement 3 is correct: The scheme, with a total outlay of ₹305 crore for the period FY 2025-26 to FY 2030-31, is co-terminus with the upcoming Finance Commission cycle.
Source: PIB
