Prime Minister Shri Narendra Modi launched a new Central Sector Scheme of financing facility under t...........

Current GK (SBI-PO) Budgeting and Fiscal policy

Prime Minister Shri Narendra Modi launched a new Central Sector Scheme of financing facility under the Agriculture Infrastructure Fund of 1 Lakh. The program will run from 2020 to _____?

2022

2024

2025

2027

2029

छोटे Courses बड़े Results

Master Budgeting and Fiscal policy

Prepare through Micro-courses

Try Now

Explanation:

• The Agriculture Infrastructure Fund is 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 credit guarantee.
• The duration of the scheme shall be from FY2020 to FY2029 (10 years). Under the scheme, Rs. 1 Lakh Crore will be provided by banks and financial institutions as loans with interest subvention of 3% per annum and credit guarantee coverage under CGTMSE scheme for loans up to Rs. 2 Crore.
• The beneficiaries will include farmers, PACS, Marketing Cooperative Societies, FPOs, SHGs, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Startups, and Central/State agency or Local Body sponsored Public-Private Partnership Projects.

Hence option 5 is correct