Q. In the context of the Agriculture Infrastructure Fund (AIF) Scheme, consider the following statements:
- It is a Central Sponsor Scheme which was launched in 2020.
- It offers medium- to long-term debt financing for post-harvest infrastructure and community farming projects through interest subvention and financial support.
- All loans up to a limit of ₹ 2 crores under this financing facility will have an interest subvention of 3% per annum.
How many of the above statements are correct?
Answer:
Only two
Notes:
- It is a Central Sponsor Scheme which was launched in 2020. Incorrect: It is a Central Sector Scheme which was launched in 2020. The duration of the Scheme shall be from FY2020 to FY2032 (10 years).
- It offers medium- to long-term debt financing for post-harvest infrastructure and community farming projects through interest subvention and financial support. Correct: The scheme shall provide a medium- to 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.
- All loans up to a limit of ₹ 2 crores under this financing facility will have an interest subvention of 3% per annum. Correct: All loans up to a limit of ₹ 2 crores under this financing facility will have interest subvention of 3% per annum. This subvention will be available for a maximum period of 7 years.