New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Consider the following Statements. (i) As part

    of AtmaNirbhar Bharat Abhiyan stimulus package, the Department has launched Animal Husbandry infrastructure Development Fund (AHIDF). (ii) Infrastructure for dairy and meat processing and value addition infrastructure, and establishment of animal feed plants by the Farmers Producer Organisation (FPO), individual entrepreneurs, MSMEs, Section 8 companies and private companies are encouraged under the fund. (iii) The scheme envisages up to 90 per cent bank loan with minimum of 10 per cent margin money by the borrower to establish dairy processing and value addition infrastructure, meat processing and value addition infrastructure and establishment of animal feed plant.
    A Only I Correct Answer Incorrect Answer
    B I & II Correct Answer Incorrect Answer
    C II & III Correct Answer Incorrect Answer
    D Only III Correct Answer Incorrect Answer
    E I, II, and III Correct Answer Incorrect Answer

    Solution

    As part of AtmaNirbhar Bharat Abhiyan stimulus package, the Department has launched Animal Husbandry infrastructure Development Fund (AHIDF). AHIDF facilitates for incentivisation of investments in establishment of infrastructure for dairy and meat processing and value addition infrastructure, and establishment of animal feed plants by the Farmers Producer Organisation (FPO), individual entrepreneurs, MSMEs, Section 8 companies and private companies. The scheme envisages up to 90 per cent bank loan with minimum of 10 per cent margin money by the borrower to establish dairy processing and value addition infrastructure, meat processing and value addition infrastructure and establishment of animal feed plant. Under this scheme, the Central Government will provide 3 per cent interest subvention to the borrower and also credit guarantee up to 25 per cent of total borrowing. The borrower will get benefit of two years moratorium of loan re-payment and six years of re-payment period thereafter.

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