The Coir Vikas Yojana (CVY) is a central sector scheme of which Union ministry?
- A.Ministry of Textiles
- B.Ministry of Agriculture and Farmers’ Welfare
- C.Ministry of Commerce and Industry
- D.Ministry of Micro, Small and Medium Enterprises
Correct answer
Explanation
The correct answer is the Ministry of Micro, Small and Medium Enterprises, which runs the Coir Vikas Yojana as a central sector scheme for the steady growth of the coir sector and for the support of coir artisans and coir enterprises. The scheme funds the development of machines, technologies and products, conducts skill training and promotional work, pushes sales in domestic as well as overseas markets, creates awareness through publicity and trade fairs, gives financial help to lift sales, takes exporters to international exhibitions and compiles the sector’s statistics. Although coir is a fibre, a farm by-product and an export earner, the scheme does not sit with the Ministry of Textiles, the Ministry of Agriculture and Farmers’ Welfare or the Ministry of Commerce and Industry, so options A, B and C are wrong. Work under the scheme is carried out with the Coir Board and its regional offices.
Read the full article: Coir Exports Up 305% in Ten Years to ₹6,614.40 Crore
Practice Questions
Which country is the world’s largest producer and exporter of coir and coir products?
- A.Indonesia
- B.India
- C.the Philippines
- D.Sri Lanka
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India stands first in the world both in making coir and in selling it abroad, and about two-thirds of global coir output comes from Indian units.
Read the full explanation →What was the value of India’s exports of coir and coir products in FY 2025-26?
- A.₹1,630.33 crore
- B.₹3,284.75 crore
- C.₹6,614.40 crore
- D.₹16,000 crore
Show answer
The correct answer is ₹6,614.40 crore, the value of coir and coir product exports in FY 2025-26.
Read the full explanation →How many coir units are registered on the Udyam registration portal, and how many people do they employ?
- A.Over 11,000 units, employing 1.2 lakh persons
- B.Over 21,000 units, employing 2.3 lakh persons
- C.Over 31,000 units, employing 4.5 lakh persons
- D.Over 51,000 units, employing 8.1 lakh persons
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Bringing these units on to the Udyam registration portal places them inside the formal MSME policy system, so they can reach the credit, training and market support the government offers.
Read the full explanation →Which Act governs the auction of India's offshore mineral blocks?
- A.The Mines and Minerals (Development and Regulation) Act, 1957
- B.The Offshore Areas Mineral (Development and Regulation) Act, 2002
- C.The Territorial Waters Act, 1976
- D.The Coastal Regulation Zone Act, 2011
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This framework is meant to keep the allotment of sea bed mineral resources transparent and to push systematic exploration of the country's offshore potential.
Read the full explanation →Which institution is the transaction adviser for the offshore mineral block auction?
- A.Geological Survey of India
- B.SBI Capital Markets Limited
- C.MSTC
- D.National Mineral Exploration and Development Trust
Show answer
The correct answer is SBI Capital Markets Limited, which acts as the transaction adviser and explained the policy framework, the auction process and the bidding requirements at the outreach programme.
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