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    Consider the following statements regarding the Agriculture Infrastructure Fund: 1. All loans under the scheme up to ₹2 crore will have an interes
    Question

    Consider the following statements regarding the Agriculture Infrastructure Fund:
    1. All loans under the scheme up to ₹2 crore will have an interest subvention of 3% per annum for a maximum period of 7 years.
    2. The scheme covers post-harvest management projects such as e-marketing platforms, warehouses, cold chains, and logistics facilities.
    3. The scheme is operational from 2020-21 to 2035-36, with loan disbursement to be completed by the end of Financial Year 2028-29.
    Which of the above statements is/are incorrect?

    A.

    1 only

    B.

    2 only

    C.

    3 only

    D.

    1 and 2 only

    E.

    1, 2, and 3

    Correct option is C

    The incorrect statement is Statement 3.
    Statement 1:
    · This is correct. Under the Agriculture Infrastructure Fund, all loans up to ₹2 crore are eligible for an interest subvention of 3% per annum for a maximum period of 7 years. This financial support is designed to encourage investment in agricultural infrastructure.
    Statement 2:
    · This is correct. The scheme covers post-harvest management projects, including e-marketing platforms, warehouses, cold chains, logistics facilities, and other infrastructure related to smart and precision agriculture, supply chains, and community farming assets.
    Statement 3:
    · This is incorrect. The Agriculture Infrastructure Fund is operational from 2020-21 to 2032-33, with loan disbursement under the scheme to be completed by the end of Financial Year 2025-26. The statement incorrectly mentions the period as 2035-36 with loan disbursement ending in 2028-29.

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