Question

Q. Consider the following statements regarding Mega Food Parks scheme:

Which of the statements given above is/are correct?

• A.
  1 and 2 only
• B.
  2 only
• C.
  2 and 3 only
• D.
  1, 2 and 3

Answer 1

The correct option is A

1 and 2 only

Explanation: Mega Food Parks scheme was launched in September 2008 to provide state of the art infrastructure in food sorting,grading, processing, packaging, etc.

Statement 1 is correct: Mega Food Park Scheme functions on the Hub and Spoke model.

Statement 2 is correct: For Mega Food parks, credit can be obtained under PSL (It has been classified under agricultural activities).

Statement 3 is incorrect: 100% FDI is allowed in case of a food processing park.