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    Question

    With reference to NABARD’s Green Lending Facility,

    consider the following statements: 1. NABARD has set a target of lending â‚ą10,000 crore in FY26 under this facility. 2. The minimum loan amount under the scheme is â‚ą100 crore. 3. Projects related to ethanol plants, electric vehicles (EVs), and other green initiatives are eligible for financing. 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 1, 2 and 3 Correct Answer Incorrect Answer
    E 3 only Correct Answer Incorrect Answer

    Solution

    • Statement 1 is incorrect: NABARD announced that it would lend ₹10,000 crore in FY25, not FY26, under the Green Lending Facility. • Statement 2 is correct: The minimum loan amount is set at ₹100 crore for eligible projects. • Statement 3 is correct: The facility will finance ethanol plants, EV-related projects, and other green initiatives undertaken by Central/State governments, agencies, and private entities. This scheme, launched in FY25, is a key part of NABARD’s push for green infrastructure and clean energy in line with India’s Sustainable Development Goals (SDGs). Thus, the correct answer is (b) 2 and 3 only.

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