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Consider the following statements regarding the Agriculture Accelerator Fund:
- It will be set up to encourage agri-startups by young entrepreneurs exclusively in urban areas.
- It aims to bring innovative and affordable solutions to challenges faced by farmers.
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?
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Most Upvoted Answer
Consider the following statements regarding the Agriculture Accelerato...
The correct answer is option 'B' - 2 only.
Explanation:
The Agriculture Accelerator Fund is a fund set up to support agri-startups in India. Let's analyze each statement in detail:
1) It will be set up to encourage agri-startups by young entrepreneurs exclusively in urban areas.
This statement is incorrect. The Agriculture Accelerator Fund aims to support agri-startups in general, regardless of the location. It is not exclusively focused on urban areas or young entrepreneurs. The fund aims to provide financial and technical support to innovative agri-startups across the country, whether they are operating in rural or urban areas.
2) It aims to bring innovative and affordable solutions to challenges faced by farmers.
This statement is correct. The main objective of the Agriculture Accelerator Fund is to bring innovative and affordable solutions to the challenges faced by farmers. These challenges can include issues related to crop productivity, post-harvest management, market access, technology adoption, and sustainable farming practices. The fund aims to support agri-startups that develop and implement innovative solutions that can benefit farmers and improve their livelihoods.
In conclusion, only statement 2 is correct. The Agriculture Accelerator Fund is not exclusively focused on urban areas or young entrepreneurs but aims to support agri-startups across the country. Its main objective is to bring innovative and affordable solutions to the challenges faced by farmers.
Explanation:
The Agriculture Accelerator Fund is a fund set up to support agri-startups in India. Let's analyze each statement in detail:
1) It will be set up to encourage agri-startups by young entrepreneurs exclusively in urban areas.
This statement is incorrect. The Agriculture Accelerator Fund aims to support agri-startups in general, regardless of the location. It is not exclusively focused on urban areas or young entrepreneurs. The fund aims to provide financial and technical support to innovative agri-startups across the country, whether they are operating in rural or urban areas.
2) It aims to bring innovative and affordable solutions to challenges faced by farmers.
This statement is correct. The main objective of the Agriculture Accelerator Fund is to bring innovative and affordable solutions to the challenges faced by farmers. These challenges can include issues related to crop productivity, post-harvest management, market access, technology adoption, and sustainable farming practices. The fund aims to support agri-startups that develop and implement innovative solutions that can benefit farmers and improve their livelihoods.
In conclusion, only statement 2 is correct. The Agriculture Accelerator Fund is not exclusively focused on urban areas or young entrepreneurs but aims to support agri-startups across the country. Its main objective is to bring innovative and affordable solutions to the challenges faced by farmers.
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Community Answer
Consider the following statements regarding the Agriculture Accelerato...
The Budget 2023 announced the setting up an Agriculture Accelerator Fund to encourage agri-startups.
Agriculture Accelerator Fund:
- It will be set up to encourage agri-startups by young entrepreneurs in rural areas.
- The Fund will aim at bringing innovative and affordable solutions for challenges faced by farmers.
- It will also bring in modern technologies to transform agricultural practices and increase productivity and profitability.
Hence only statement 2 is correct.
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Consider the following statements regarding the Agriculture Accelerator Fund: It will be set up to encourage agri-startups by young entrepreneurs exclusively in urban areas. It aims to bring innovative and affordable solutions to challenges faced by farmers.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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