Q. What is the name of the recently approved scheme by the Union Ministry of Commerce and Industry for the spice sector?
Answer:
SPICED scheme
Notes: The Union Ministry of Commerce and Industry approved the Sustainability in spice sector through progressive, innovative and collaborative interventions for export development (SPICED) scheme to boost spice exports. It aims to enhance the export of spices and value-added spice products, improve cardamom productivity, and upgrade spice quality for export. The scheme will be implemented until 2025-26, covering the remaining 15th Finance Commission term. It focuses on value addition, innovation, and sustainability in the spice sector.