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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
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B

2 only
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C

2 and 3 only
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D

1, 2 and 3
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Solution

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.

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