Consider the following statements regarding AIBP Accelerated Irrigation Benefits Program 1 It was la...........

Economic Affairs Agricultural Finance

Consider the following statements regarding AIBP (Accelerated Irrigation Benefits Program):

1. It was launched by Government in 1989.

2. This program was launched to give loan assistance to the states to help them a few major irrigation projects which were in advanced stage of completion.

Which of the statements given above is/are correct?

1 Only

2 Only

both

none

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Explanation:

The Union Government launched the Accelerated Irrigation Benefits Programme (AIBP) in 1996-97 for providing financial assistance, to expedite completion of ongoing Major/Medium Irrigation (MMI) including Extension, Renovation and Modernization (ERM) of irrigation projects and Surface Minor Irrigation schemes, as well asLift Irrigation Schemes(LIS). The funding pattern for Central Assistance (CA) for the MMI projects and surface Minor Irrigation .