Consider the following statements with respect to recent policy decisions of the Rajasthan gove...........

Rajasthan Economy

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Consider the following statements with respect to recent policy decisions of the Rajasthan goverenment:

The Krishi Upaj Mandis interest waiver scheme provides for 65% rebate on the interest payable in respect of mandi duty
It also entails 75% rebate on the interest payable on allocation fee and other dues.

Which of the above statements is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Amid the farmers’ protest against the Centre’s agriculture sector laws, the Congress government in Rajasthan recently brought two amnesty schemes providing relief to the Krishi Upaj Mandi traders and agro-processing units.

The schemes provide exemption and interest waiver on mandi duty and other penalties.

The interest waiver scheme has been implemented in the Krishi Upaj Mandis for 75% rebate on the interest payable in respect of mandi fee.

Similar 75% rebate on the interest payable in respect of allocation fee and other dues is envisaged under the scheme.