Module: General Practice
Q181: Consider the following regarding technology upgradation in the textile MSME sector.
Assertion (A): The government has shifted focus from the "Amended Technology Upgradation Fund Scheme" (ATUFS) to the PLI Scheme for Textiles and the "PM MITRA" parks.
Reason (R): ATUFS officially sunsetted on March 31, 2022, and the new approach prioritizes creating global champions in Man-Made Fibre (MMF) and Technical Textiles.
Reason (R): ATUFS officially sunsetted on March 31, 2022, and the new approach prioritizes creating global champions in Man-Made Fibre (MMF) and Technical Textiles.
✅ Correct Answer: A
The policy focus has shifted.
ATUFS was valid only for the period ending March 31, 2022 (Reason is True). The sunsetting of ATUFS necessitated the shift to the PLI Scheme (Assertion is True), which was designed to address India's specific weakness in the Man-Made Fibre (MMF) and Technical Textiles market, rather than just subsidizing generic machinery purchase.
Thus, R correctly explains A.
ATUFS was valid only for the period ending March 31, 2022 (Reason is True). The sunsetting of ATUFS necessitated the shift to the PLI Scheme (Assertion is True), which was designed to address India's specific weakness in the Man-Made Fibre (MMF) and Technical Textiles market, rather than just subsidizing generic machinery purchase.
Thus, R correctly explains A.