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Consider the following statements regarding Animal Husbandry Infrastructure Development Fund:
It is established under the Atmanirbhar Bharat Abhiyan.
Individual entrepreneurs are eligible to get loans under the scheme.
The Government of India will provide a 3% interest subvention to eligible beneficiaries.
The eligible beneficiaries are needed to contribute a minimum of 10% margin money.
Which of the statements given above are correct?
- a)1, 2 and 3 only
- b)2, 3 and 4 only
- c)1, 2 and 4 only
- d)1, 2, 3 and 4
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding Animal Husbandry Infrastr...
The correct answer is option 'D' - 1, 2, 3 and 4 are all correct statements regarding the Animal Husbandry Infrastructure Development Fund. Let's discuss each statement in detail:
1. It is established under the Atmanirbhar Bharat Abhiyan:
- The Animal Husbandry Infrastructure Development Fund (AHIDF) was indeed established under the Atmanirbhar Bharat Abhiyan, which is a self-reliant India campaign launched by the Government of India to revive the economy, especially in the wake of the COVID-19 pandemic. The AHIDF is a part of the Atmanirbhar Bharat package announced by the Finance Minister in May 2020.
2. Individual entrepreneurs are eligible to get loans under the scheme:
- Yes, individual entrepreneurs are indeed eligible to get loans under the Animal Husbandry Infrastructure Development Fund. The fund aims to support entrepreneurs, farmers, and organizations involved in animal husbandry and related activities such as dairy, poultry, and meat processing. Both individual entrepreneurs and organized sectors can avail loans under the scheme.
3. The Government of India will provide a 3% interest subvention to eligible beneficiaries:
- This statement is also correct. The Government of India has announced a 3% interest subvention for eligible beneficiaries under the Animal Husbandry Infrastructure Development Fund. An interest subvention is a subsidy provided by the government to reduce the cost of borrowing for individuals or organizations.
4. The eligible beneficiaries are needed to contribute a minimum of 10% margin money:
- This statement is also correct. The eligible beneficiaries under the Animal Husbandry Infrastructure Development Fund are required to contribute a minimum of 10% margin money. Margin money refers to the amount that the borrower needs to contribute towards the total project cost, while the rest is financed through the loan.
Therefore, all four statements provided in the question are correct, and the correct answer is option 'D' - 1, 2, 3, and 4.
1. It is established under the Atmanirbhar Bharat Abhiyan:
- The Animal Husbandry Infrastructure Development Fund (AHIDF) was indeed established under the Atmanirbhar Bharat Abhiyan, which is a self-reliant India campaign launched by the Government of India to revive the economy, especially in the wake of the COVID-19 pandemic. The AHIDF is a part of the Atmanirbhar Bharat package announced by the Finance Minister in May 2020.
2. Individual entrepreneurs are eligible to get loans under the scheme:
- Yes, individual entrepreneurs are indeed eligible to get loans under the Animal Husbandry Infrastructure Development Fund. The fund aims to support entrepreneurs, farmers, and organizations involved in animal husbandry and related activities such as dairy, poultry, and meat processing. Both individual entrepreneurs and organized sectors can avail loans under the scheme.
3. The Government of India will provide a 3% interest subvention to eligible beneficiaries:
- This statement is also correct. The Government of India has announced a 3% interest subvention for eligible beneficiaries under the Animal Husbandry Infrastructure Development Fund. An interest subvention is a subsidy provided by the government to reduce the cost of borrowing for individuals or organizations.
4. The eligible beneficiaries are needed to contribute a minimum of 10% margin money:
- This statement is also correct. The eligible beneficiaries under the Animal Husbandry Infrastructure Development Fund are required to contribute a minimum of 10% margin money. Margin money refers to the amount that the borrower needs to contribute towards the total project cost, while the rest is financed through the loan.
Therefore, all four statements provided in the question are correct, and the correct answer is option 'D' - 1, 2, 3, and 4.
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Consider the following statements regarding Animal Husbandry Infrastr...
Government has announced for setting up of Rs. 15000 crores Animal Husbandry Infrastructure Development Fund under Atma Nirbhar Bharat Abhiyan stimulus package. So, statement (1) is correct. " AHIDF would facilitate much-needed incentivization of investments in establishing such infrastructure for dairy and meat processing and value addition infrastructure and establishing animal feed plants in the private sector.
- The eligible beneficiaries under the Scheme would be Farmer Producer Organizations (FPOs), MSMEs, Section 8 Companies, Private Companies. So, statement (2) is correct.
- Individual entrepreneurs need to provide a minimum 10% margin money contribution and the balance 90% would be the loan component rnade available to the individuals by Scheduled banks. So, statement (4) is correct.
- The Government of India will provide a 3% interest subvention to eligible beneficiaries. There will be two years moratorium period for the principal loan amount and six years repayment period thereafter. So, statement (3) is correct. e The Government of India would also set up a Credit Guarantee Fund of Rs. 750 crore to be managed by NABARD. Credit guarantee would be provided to those sanctioned projects which are covered under MSME defined ceilings. Guarantee Coverage would be up to 25% of the Credit facility of the borrower.
Therefore, the correct answer is d.
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Consider the following statements regarding Animal Husbandry Infrastructure Development Fund: It is established under the Atmanirbhar Bharat Abhiyan. Individual entrepreneurs are eligible to get loans under the scheme. The Government of India will provide a 3% interest subvention to eligible beneficiaries. The eligible beneficiaries are needed to contribute a minimum of 10% margin money. Which of the statements given above are correct?a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 2 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements regarding Animal Husbandry Infrastructure Development Fund: It is established under the Atmanirbhar Bharat Abhiyan. Individual entrepreneurs are eligible to get loans under the scheme. The Government of India will provide a 3% interest subvention to eligible beneficiaries. The eligible beneficiaries are needed to contribute a minimum of 10% margin money. Which of the statements given above are correct?a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 2 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Animal Husbandry Infrastructure Development Fund: It is established under the Atmanirbhar Bharat Abhiyan. Individual entrepreneurs are eligible to get loans under the scheme. The Government of India will provide a 3% interest subvention to eligible beneficiaries. The eligible beneficiaries are needed to contribute a minimum of 10% margin money. Which of the statements given above are correct?a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 2 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Animal Husbandry Infrastructure Development Fund: It is established under the Atmanirbhar Bharat Abhiyan. Individual entrepreneurs are eligible to get loans under the scheme. The Government of India will provide a 3% interest subvention to eligible beneficiaries. The eligible beneficiaries are needed to contribute a minimum of 10% margin money. Which of the statements given above are correct?a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 2 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer?.
Consider the following statements regarding Animal Husbandry Infrastructure Development Fund: It is established under the Atmanirbhar Bharat Abhiyan. Individual entrepreneurs are eligible to get loans under the scheme. The Government of India will provide a 3% interest subvention to eligible beneficiaries. The eligible beneficiaries are needed to contribute a minimum of 10% margin money. Which of the statements given above are correct?a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 2 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Animal Husbandry Infrastructure Development Fund: It is established under the Atmanirbhar Bharat Abhiyan. Individual entrepreneurs are eligible to get loans under the scheme. The Government of India will provide a 3% interest subvention to eligible beneficiaries. The eligible beneficiaries are needed to contribute a minimum of 10% margin money. Which of the statements given above are correct?a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 2 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Animal Husbandry Infrastructure Development Fund: It is established under the Atmanirbhar Bharat Abhiyan. Individual entrepreneurs are eligible to get loans under the scheme. The Government of India will provide a 3% interest subvention to eligible beneficiaries. The eligible beneficiaries are needed to contribute a minimum of 10% margin money. Which of the statements given above are correct?a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 2 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer?.
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