With reference to lsquo Agriculture Infrastructure Fund rsquo consider following statements It is a ...........

Agriculture and Rural Development (Phase-I/II) Agri-Business

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With reference to ‘Agriculture Infrastructure Fund’, consider following statements

It is a scheme to provide a medium - long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial support.
The fund will be managed and monitored through an online Management Information System (MIS) platform.

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

Recently, Union Cabinet has given its approval to a new pan India Central Sector Scheme-Agriculture Infrastructure Fund. The scheme shall provide a medium - long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial support.
The Agriculture Infrastructure Fund will be managed and monitored through an online Management Information System (MIS) platform. It will enable all the qualified entities to apply for loan under this Fund. Hence both statements are correct.