Statement (A): Loans under the AIF are indeed provided with an interest subvention of 3 percent per annum up to a limit of Rs. 2 crore. This aims to make credit more affordable for agri-entrepreneurs and farmers for building post-harvest storage and other agri-infrastructure. Statement (B): This interest subvention is available for a maximum period of 10 years, providing long-term support for these infrastructure projects.
Which of the following statement/statements is/are true about Agriculture Infrastructure Fund of India? (A) All loans under the AIF have interest subvention of 3 percent per annum upto a limit of 2 crore. (B) This subvention is available for a maximum period of 10 years.
Asked in School Lecturer (Sanskrit Edu.) 2022 6 2022 · Topic: Agriculture and Allied Sectors (Agricultural Policies and Programs (MSP, Subsidies))
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Answer: C. Both statements (A) and (B) are true
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