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With reference to the Agriculture Infrastructure Fund, consider the following statements:
1. It aims to promote investment in viable projects for post-harvest management infrastructure and community farming assets.
2. The funds under this scheme are extended only to State agencies and Agricultural Produce Marketing Committees (APMCs).
3. A credit guarantee coverage will be available under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.
Which of the statements given above is/are correct?
  • a)
    1 and 3 only
  • b)
    2 and 3 only
  • c)
    2 only
  • d)
    1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
With reference to the Agriculture Infrastructure Fund, consider the fo...
  • Recently, the Union Cabinet approved some modifications in the Central Sector Scheme of Financing Facility under ‘Agriculture Infrastructure Fund’.
    • It was launched in 2020 as a part of the Rs. 20 lakh crore stimulus package announced in response to the Covid-19 crisis.
  • It aims to provide a medium-long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets. Hence, statement 1 is correct.
    • The funds will be provided for setting up of cold stores and chains, warehousing, grading and packaging units, e-marketing points linked to e-trading platforms, besides PPP (Public Private Partnership) projects for crop aggregation sponsored by central/state/local bodies.
  • Duration: Extended to 13 years upto 2032-33.
  • Eligible Beneficiaries: They are Farmers, Farmer Producer Organizations (FPOs), Primary Agricultural Credit Society (PACS), Marketing Cooperative Societies, Self Help Groups (SHGs), Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Start-ups, and Central/State agency or Local Body sponsored PPP Projects.
    • Eligibility has been extended to State agencies and Agricultural Produce Marketing Committees (APMCs), as well as federations of cooperative organisations, FPOs and SHGs. Hence, statement 2 is not correct.
  • Rs. 1 Lakh Crore will be provided by banks and financial institutions as loans to eligible beneficiaries.
    • Moratorium for repayment may vary subject to minimum of 6 months and maximum of 2 years.
    • Loans will have interest subvention of 3% per annum up to a limit of Rs. 2 crore. This subvention will be available for a maximum period of seven years.
  • Credit guarantee coverage will be available for eligible borrowers from this financing facility under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme for a loan up to Rs. 2 crore. Hence, statement 3 is correct.
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With reference to the Agriculture Infrastructure Fund, consider the following statements:1. It aims to promote investment in viable projects for post-harvest management infrastructure and community farming assets.2. The funds under this scheme are extended only to State agencies and Agricultural Produce Marketing Committees (APMCs).3. A credit guarantee coverage will be available under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.Which of the statements given above is/are correct?a)1 and 3 onlyb)2 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
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With reference to the Agriculture Infrastructure Fund, consider the following statements:1. It aims to promote investment in viable projects for post-harvest management infrastructure and community farming assets.2. The funds under this scheme are extended only to State agencies and Agricultural Produce Marketing Committees (APMCs).3. A credit guarantee coverage will be available under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.Which of the statements given above is/are correct?a)1 and 3 onlyb)2 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Agriculture Infrastructure Fund, consider the following statements:1. It aims to promote investment in viable projects for post-harvest management infrastructure and community farming assets.2. The funds under this scheme are extended only to State agencies and Agricultural Produce Marketing Committees (APMCs).3. A credit guarantee coverage will be available under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.Which of the statements given above is/are correct?a)1 and 3 onlyb)2 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Agriculture Infrastructure Fund, consider the following statements:1. It aims to promote investment in viable projects for post-harvest management infrastructure and community farming assets.2. The funds under this scheme are extended only to State agencies and Agricultural Produce Marketing Committees (APMCs).3. A credit guarantee coverage will be available under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.Which of the statements given above is/are correct?a)1 and 3 onlyb)2 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
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