Q. Consider the following statements regarding “Agriculture Infrastructure Fund (AIF)”:
1.It is a financing facility operational from the year 2020-21 to 2032-33.
2.It is for creation of post-harvest management infrastructure and community farm assets, with benefits including 3 per cent interest subvention and credit guarantee support.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation: Agriculture Infrastructure Fund (AIF) is a financing facility operational from the year 2020-21 to 2032-33 for the creation of post-harvest management infrastructure and community farm assets; with benefits including 3 per cent interest subvention and credit guarantee support.

  • Under this, a provision of ₹1 lakh crore for 2020-21 to 2025-26 has been made, and interest subvention and credit guarantee assistance will be given until 2032-33.
  • AIF scheme has the facility of convergence with any other scheme of the State or Central Government and can prove to be a milestone in investment in the agriculture sector.

Source: Economic Survey 2023