Consider the following statements with reference to SMILE Program: 1. Recently, India and ADB signed a $350 million loan to support logistics sector reforms under SMILE. 2. It aims to improve India’s logistics system with better interministerial coordination and private participation. 3. It also focuses on enhancing trade logistics efficiency and encouraging smart, automated systems. Which of the above statements is/are correct?
1, 2 and 3
Why in the News?
"India and ADB Sign $350 Million Loan to Strengthen Multimodal Logistics Ecosystem under SMILE Program”
Statement 1: correct
India and the Asian Development Bank (ADB) have signed a $350 million loan under the SMILE program. This policy-based loan aims to support comprehensive logistics sector reforms in India, enhancing efficiency and promoting private sector participation in multimodal logistics.
Statement 2: correct
The SMILE program aims to improve India’s logistics infrastructure by fostering better interministerial coordination and planning. It encourages private sector involvement in multimodal logistics projects, which are vital for modernizing and streamlining the logistics ecosystem in India.
Statement 3: correct
SMILE focuses on boosting the efficiency of external trade logistics in India. It encourages the adoption of smart and automated systems, which will enhance service delivery, reduce costs, and make the logistics sector more competitive globally.
Similar Questions
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Important Questions from Government Policies and Schemes
Which organization is under the Ministry of Statistics, Planning, and Programme Implementation?
“Adopt a Heritage: Apni Dharohar, Apni Pehchaan” scheme is a joint effort of _______.
Which of the following schemes launched by the present government has been correctly matched with its purpose?
Mission Indradhanush aims at ______.
PRASAD scheme is launched in which year?
