CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which state government has announced its Agri Business Policy-2016
A
Rajasthan
B
Gujarat
C
West Bengal
D
Andhra Pradesh
Explanation: 

Detailed explanation-1: -Gujarat has announced Comprehensive Agro Business Policy 2016 to facilitate investment in Agro and Food Processing Sector for value addition to farm produce Page 2 2 so as to ensure higher income to the farmers, provide greater employment opportunity in rural areas and better products to consumers.

Detailed explanation-2: -It proposes to provide employment to 10 lakh people by setting up agro-processing units in the State. It also proposes to export processed agro products which will generate sufficient income and reduce poverty.

Detailed explanation-3: -Back Ended Interest Subsidy 7.5% on the Term Loan with maximum amount of Rs. 150.0 Lakhs for a period of 5 years for setting up/ expansion & diversification/ modernization of Agro and Food Processing Units. Assistance of Back Ended Interest Subsidy on Term Loan for Agro and Food Infrastructural Projects.

Detailed explanation-4: -The Government has rolled out a number of new initiatives like Soil Health Card Scheme, Neem Coated Urea, Paramparagat Krishi Vikas Yojana (PKVY), Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), National Agriculture Market (e-NAM), Pradhan Mantri Fasal Bima Yojana (PMFBY) and Interest Subvention Scheme.

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