Economics • Indian EconomyMedium
What is the primary objective of the 'PM-MITRA' (Mega Integrated Textile Region and Apparel) scheme launched by the Government of India?
A. To provide direct cash transfers to handloom weavers affected by synthetic fabric imports
B. To create world-class industrial infrastructure facilities that attract massive investments and generate employment across the entire textile value chain✓ Correct Answer
C. To establish minimum support prices for organic cotton and silk produced by tribal farming cooperatives
D. To subsidize the export of readymade garments to developed nations under bilateral free trade agreements
💡 Solution & Explanation
The PM-MITRA scheme aims to establish world-class industrial infrastructure facilities across the entire textile value chain to attract investments and generate employment. It operates on the 5F formula encompassing farm, fibre, factory, fashion, and foreign markets, rather than providing direct subsidies for handlooms.
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