The MITRA scheme was first announced in the Union Budget for 2021-22 to set up world-class infrastructure in which sector?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Textile industry.
- The "MITRA" scheme was introduced in the Union Budget for 2021-22 by Finance Minister Nirmala Sitharaman with a specific focus on the textile sector. MITRA, which stands for "Mega Investment Textiles Parks," aims to develop top-notch infrastructure within the textile industry, fostering employment growth and enhancing export capabilities.
- The objective is to establish seven textile parks within a span of three years, creating a globally competitive industry equipped with state-of-the-art technology and advanced infrastructure.