Q. With reference to PM Mitra, consider the following statements:
1. This scheme is to enhance the growth of textile sector in the economy.
2. It will provide capital support to only Greenfield Mitra park.
Which of the statements given above is/are correct?
Statement 1 is correct: The scheme aims to realize the vision of building an Aatmanirbhar Bharat by positioning India strongly on the Global textiles map. It is inspired by the 5F vision of Hon’ble Prime Minister –Farm to Fibre to Factory to Fashion to Foreign.
Aim: The scheme aims to create a world-class industrial infrastructure that would attract cutting-edge technology and boost FDI and local investment in the sector.
Statement 2 is incorrect: The center will provide development capital support for the development of common infrastructure of Rs 500 crore for each greenfield MITRA park and upto Rs 200 crore for each brownfield park. The developer will get a 25-year lease of the park, and this could be extended by another 25 years.