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Questions and Answers
What is the maximum credit guarantee provided by the government under the Agriculture Infrastructure Fund (AIF) initiative?
What is the maximum credit guarantee provided by the government under the Agriculture Infrastructure Fund (AIF) initiative?
- 2 crore rupees (correct)
- 4 crore rupees
- 1 crore rupees
- 3 crore rupees
What are the benefits provided under AIF for loans up to 2 crores?
What are the benefits provided under AIF for loans up to 2 crores?
- Interest-free loans
- Loan forgiveness
- 3% interest subvention with a cap of 9% on ROI, credit guarantee support by way of payment of CGTMSE fee (correct)
- Subsidized insurance for crops
Which entities are eligible to avail the benefits under AIF?
Which entities are eligible to avail the benefits under AIF?
- Agricultural Produce Market Committee / Agri-Entrepreneur / Central sponsored Public-Private Partnership Project / Farmer/ Farmer Producers Organization/ Federation of FPOs
- Joint Liability Groups/ Local Body sponsored Public-Private Partnership Project/ Marketing Cooperative Society/ Multipurpose Cooperative Society/ National Federations of Cooperatives
- Primary Agricultural Credit Society/ Self Help Group/ Federations of Self Help Groups/ Start-Up/ State Agencies/ State Federations of Cooperatives/ State sponsored Public-Private Partnership Projects
- All of the above (correct)
What is the application process for AIF?
What is the application process for AIF?
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