CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Union Cabinet has given its approval to a 10 years long (FY2020 to FY2029) pan India Central Sector Scheme namely “Agriculture Infrastructure Fund” with how much outlay?

A	Rs. 1 Lakh Crore
B	Rs. 4 Lakh Crore
C	Rs. 3 Lakh Crore
D	Rs. 2 Lakh Crore

Explanation:

Detailed explanation-1: -Financing facility of Rs. 1, 00, 000 crore will be provided for funding Agriculture Infrastructure Projects at farm-gate & aggregation points (Primary Agricultural Cooperative Societies, Farmers Producer Organizations, Agriculture entrepreneurs, Start-ups, etc.).

Detailed explanation-2: -This subvention will be available for a maximum period of 7 years.

Detailed explanation-3: -Address Proof : Residence: Voter ID card/Passport/Aadhaar card/Driving license/Electricity Bill/Latest property Tax Bill. Business Office/Registered Office: Electricity Bill/Latest Property Tax Receipt/Certificate of Incorporation in case of Companies/Certificate of Registration in ca of partnership Firms.

Detailed explanation-4: -NABARD will steer this initiative in association with the Ministry of Agriculture and Farmers’ Welfare. Read more on NABARD. For APMCs, interest subvention for a loan up to Rs. 2 crore will be provided for each project of different infrastructure types e.g. cold storage, sorting, grading and assaying units, silos, etc.

There is 1 question to complete.