Consider the following about Long Term Irrigation Fund 1 This fund will be raised by Ministry o...........

Geography Agriculture

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Consider the following about Long Term Irrigation Fund

1. This fund will be raised by Ministry of Water Resources.

2. These funds will be for the implementation of Accelerated Irrigation Benefits Programme (AIBP) works.

3. This fund was announced in the Union Budget 2016-17

How many of the statements given above are correct?

Only One

Only Two

All Three

None

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Explanation:

This fund will be raised by the Ministry of Water Resources: This statement is correct. The Long Term Irrigation Fund is intended to be raised by the National Bank for Agriculture and Rural Development (NABARD) through the issuance of bonds, and the Ministry of Water Resources plays a role in the establishment and management of this fund.

These funds will be for the implementation of Accelerated Irrigation Benefits Programme (AIBP) works: This statement is correct. The Long Term Irrigation Fund is specifically created to provide funds for the implementation of projects under the Accelerated Irrigation Benefits Programme (AIBP).

This fund was announced in the Union Budget 2016-17: This statement is correct. The Long Term Irrigation Fund was indeed announced in the Union Budget of 2016-17 with the aim of boosting investment in irrigation infrastructure in the country.