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Question

Consider the following statements regarding the Agriculture Infrastructure Fund:

1.The fund will support short term debt financing to small and marginal farmers.

2. The duration of the Agriculture Infrastructure Fund is 7 years, which includes a moratorium period of up to 2 years.

3.It aims to invest in viable projects for post-harvest management infrastructure assets through interest subvention and credit guarantee.

Which of the statements given above is/are correct?

A 1 and 2 only Correct Answer Incorrect Answer
B 2 and 3 only Correct Answer Incorrect Answer
C 1 and 3 only Correct Answer Incorrect Answer
D All are correct Correct Answer Incorrect Answer
E All are incorrect Correct Answer Incorrect Answer

Solution

AIF is a financing facility launched in July 2020. It aims to provide all-around financial support to the farmers, agri-entrepreneurs, farmer groups like Farmer Producer Organisations (FPOs), Self Help Groups (SHGs), Joint Liability Groups (JLGs) etc. and many others to create post-harvest management infrastructure and build community farming assets throughout the country.

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