Q. Which of the following statement is NOT correct about “Agriculture Infrastructure Fund (AIF)”?

[A] It is a Central Sector Scheme.

[B] It was launched in 2020 to deal with the COVID-19 pandemic crisis with a corpus of Rs. 1000crore.

[C] Financial assistance is provided in the form of Interest Subvention and Credit Guarantee for setting up post-harvest management Infrastructure.

[D] Beneficiaries of the scheme are Farmers, Primary Agricultural Credit Societies (PACS), Farmer Producers Organizations (FPOs), Self Help Groups (SHG), State Agencies/APMCs and others for building u201ccommunity farming assetsu201d and u201cpost-harvest agriculture infrastructure.

Answer: B
Notes:

Explanation: To mobilize a medium – long term debt Financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through incentives and financial support in order to improve agriculture infrastructure in the country government has launched the Agriculture Infrastructure Fund (AIF).

  • It is a Central Sector Scheme. It was launched in 2020 to deal with the COVID-19 pandemic crisis with a corpus of Rs. 1 lakh crore.
  • Financial assistance is provided in the form of Interest Subvention and Credit Guarantee for setting up post-harvest management Infrastructure.
  • Beneficiaries: Farmers, Primary Agricultural Credit Societies (PACS), Farmer Producers Organisations (FPOs), Self Help Groups (SHG), State Agencies/APMCs and others for building “community farming assets” and “post-harvest agriculture infrastructure.

Source: FORUMIAS