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With reference to the loan interest subvention scheme for biomethanation projects, consider the following statements:
1. It is an initiative of UNDP and NITI Aayog.
2. The loan scheme provides financial assistance to beneficiaries to reduce the financial burden on account of interest on the loan component faced by such demonstration projects.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
With reference to the loan interest subvention scheme for biomethanati...
The United Nations Industrial Development Organization (UNIDO) and the Ministry of New and Renewable Energy (MNRE), Government of India (GOI) launched the Global Environment Facility (GEF) funded loan interest subvention scheme that provides financial assistance to innovative waste to energy biomethanation projects and business models.
  • The industrial organic waste-to-energy bio-methanation projects are generally capital intensive and financially sensitive to both operating costs, including waste availability, and revenue, particularly biogas yield and its utilization scenario.
  • The loan scheme provides financial assistance to beneficiaries to reduce the financial burden on account of interest on the loan component faced by such demonstration projects.
Hence only statement 2 is correct.
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With reference to the loan interest subvention scheme for biomethanation projects, consider the following statements:1. It is an initiative of UNDP and NITI Aayog.2. The loan scheme provides financial assistance to beneficiaries to reduce the financial burden on account of interest on the loan component faced by such demonstration projects.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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With reference to the loan interest subvention scheme for biomethanation projects, consider the following statements:1. It is an initiative of UNDP and NITI Aayog.2. The loan scheme provides financial assistance to beneficiaries to reduce the financial burden on account of interest on the loan component faced by such demonstration projects.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 loan interest subvention scheme for biomethanation projects, consider the following statements:1. It is an initiative of UNDP and NITI Aayog.2. The loan scheme provides financial assistance to beneficiaries to reduce the financial burden on account of interest on the loan component faced by such demonstration projects.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 loan interest subvention scheme for biomethanation projects, consider the following statements:1. It is an initiative of UNDP and NITI Aayog.2. The loan scheme provides financial assistance to beneficiaries to reduce the financial burden on account of interest on the loan component faced by such demonstration projects.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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