Question

Consider the following statements about Interest Equalisation Scheme:  1. It provides pre- and post-shipment export credit to exporters in rupees. 2. Union Cabinet recently approved an additional allocation of Rs 2500 crore for the continuation of the Interest Equalisation Scheme until June 30, 2024. 3. It is implemented by the EXIM Bank through various Public and non-Public Sector banks. Which of the statements given above is/are correct?

A 1 only
B 2 only
C 1 and 2 only
D 2 and 3 both
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