Consider the following statements:1.PM-MITRA Scheme targets the unorganized sector and provides a pension benefit to individuals based on their contribution towards the scheme during their working years.2.The Ministry of Rural Development will provide financial support in the form of Development Capital Support for the PM-MITRA Scheme.Select the correct statement using the codes given below:

Q. Consider the following statements:
1.PM-MITRA Scheme targets the unorganized sector and provides a pension benefit to individuals based on their contribution towards the scheme during their working years.
2.The Ministry of Rural Development will provide financial support in the form of Development Capital Support for the PM-MITRA Scheme.
Select the correct statement using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: D

Notes:

Explanation –

Statements 1 and 2 are incorrect. PM-MITRA Scheme aims to create a world-class industrial infrastructure that would attract cutting-edge technology and boost FDI and local investment in the textile sector. A Special Purpose Vehicle (SPV) owned by Centre and State Government jointly will be set up for each MITRA park which will oversee the implementation of the project. The Ministry of Textiles will provide financial support in the form of Development Capital Support upto Rs. 500 crore per park to the park SPV.

Source: ForumIAS

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS