Consider the following statements regarding Long Term Irrigation Fund LTIF 1 The LTIF...........

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Consider the following statements regarding Long Term Irrigation Fund (LTIF):

1. The LTIF was launched in 2016 to complete these projects along with their command area development (CAD).

2. LTIF seeks to make loans from the SIDBI.

Which of the above statement(s) is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

About LTIF:
?   The LTIF was launched in 2016 to complete these projects along with their command area development (CAD).
?   The CAD programme aims to narrow the gap between irrigation potential created and actual utilisation.
?   LTIF seeks to make loans from the NABARD attractive for states at the rate of 6 per cent per annum in order to complete 99 ongoing prioritised irrigation projects under the Accelerated Irrigation Benefit Programme (AIBP) which "were languishing mainly due to inadequate provision of funds".