CURRENT AFFAIRS

Detailed explanation-1: -In the State category, Madhya Pradesh was adjudged the best performing State, whereas Andhra Pradesh was recognised as best performer in sanction of PACS applications.

Detailed explanation-2: -The Government of India has felicitated Kotak Mahindra Bank (KMBL) with the Agri Infra Fund Award for its invaluable contribution to the Agriculture Infrastructure Fund (AIF).

Detailed explanation-3: -Which state topped the country in utilisation of Agri Funds in the financial year 2021-22? Notes: Andhra Pradesh ranks first among all states of the country in utilisation of agricultural infrastructure funds.

Detailed explanation-4: -The fee for this coverage will be paid by the Government. In case of FPOs the credit guarantee may be availed from the facility created under FPO promotion scheme of Department of Agriculture, Cooperation & Farmers Welfare (DACFW).

Detailed explanation-5: -Agriculture Infrastructure Fund Scheme is a top-up scheme along with all other available state and central government schemes. Any grant or subsidy available under any present or future scheme of Central/State government can be availed for projects in addition to this financing facility.