Economics • Indian EconomyMedium
What is the primary focus of the 'PM-MITRA (Mega Integrated Textile Region and Apparel)' scheme implemented by the central government?
A. To provide direct income support to handloom weavers residing in rural artisan clusters
B. To establish world-class industrial parks with integrated infrastructure to boost large-scale textile manufacturing and exports✓ Correct Answer
C. To subsidize raw cotton imports for domestic spinning mills facing severe domestic shortages
D. To regulate minimum wages for garment factory workers employed in export processing zones
💡 Solution & Explanation
The PM-MITRA scheme aims to develop integrated textile mega parks inspired by the 5F vision covering farm, fiber, factory, fashion, and foreign, creating a complete textile value chain in one location. This infrastructure approach reduces logistics costs and enhances the global competitiveness of India's apparel sector. States compete to host these parks based on land availability, connectivity, and utility infrastructure.
More Economics Indian Economy questions
- What is the economic significance of the 'Rajiv Gandhi Kisan Nyay Yojana' implemented in Chhattisgarh?
- What is the primary purpose of the 'Aspirational Districts Programme' launched by the Government of India?
- What is the primary objective of the 'Mahatma Gandhi National Rural Employment Guarantee Act' (MGNREGA)?
- How is the 'Primary Deficit' defined in the context of the Union Budget of India, and what does its magnitude…
- The 'PM-Vikas' (Pradhan Mantri Vishwakarma Kaushal Samman) scheme, launched by the Government of India, is…