CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who launches new financing scheme under Agriculture Infrastructure Fund?
A
Narendra Modi
B
Amit Shah
C
Rajnath SIngh
D
Smriti Irani
Explanation: 

Detailed explanation-1: -The Prime Minister launched the new Agriculture Infrastructure Fund through video conference.

Detailed explanation-2: -Agriculture Infra Fund (AIF) is a financing facility launched on 8th July 2020 under the guidance of Prime Minister Shri Narendra Modi, for creation of post-harvest management infrastructure and community farm assets, with benefits including 3% interest subvention and credit guarantee support.

Detailed explanation-3: -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-4: -The Indian government launched the “Grameen Bhandaran Yojana” in 2001, which was later renamed the “Agricultural Marketing Infrastructure Fund scheme” in 2014.

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