36 Questions
What is the primary objective of the Agriculture Infrastructure Fund (AIF) scheme launched in 2020?
To mobilize a medium – long-term debt financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets.
What is the total amount of loans sanctioned for projects under the Agriculture Infrastructure Fund (AIF) scheme as of the given date?
Rs. 26,064 Crores
What is the interest subvention rate per annum provided to loans under the Agriculture Infrastructure Fund (AIF) scheme?
3% per annum
What is the name of the campaign launched by the Government to provide maximum benefits to the people and create a competitive spirit among banks and lending institutions?
'BHARAT' (Banks Heralding Accelerated Rural & Agriculture Transformation)
What is the duration of the 'BHARAT' campaign launched by the Government?
One month, from 15th July 2023 to 15th August 2023
What is the total amount of investment mobilized in the agriculture sector through the sanctioned projects under the Agriculture Infrastructure Fund (AIF) scheme?
Rs. 44,208 crores
What is the primary objective of the BHARAT campaign, and what is the total amount sanctioned by numerous banks for projects under this campaign as of 31.07.2023?
The primary objective of the BHARAT campaign is to promote the creation of agriculture infrastructure. As of 31.07.2023, overall Rs.1239 Cr has been sanctioned by numerous banks for 1375 projects.
What is the role of the Ministry in reviewing the performance of banks under the AIF Scheme, and how do they provide handholding support to banks?
The Ministry is committed to having regular interactions with bank executives through various modes of communication to review performance under the campaign and to persuade the slow movers and non-starters to perform. They provide handholding support through regular interactions with banks' top executives and their Nodal Officers, capacity building programs, and awareness sessions.
How does the Ministry set annual targets for individual banks under the AIF Scheme, and what factors are considered while doing so?
The Ministry sets AIF annual targets for individual banks on the basis of their clientele base, geographical reach, and share in the agricultural advance, and past performance.
What is the purpose of the 'Bankers are Anchors' program, and where was it conducted?
The 'Bankers are Anchors' program is conducted to review the progress of the AIF Scheme and provide handholding support. It was conducted at NABARD HQ in Dec. 2022.
What is the role of social media groups in promoting the AIF Scheme, and how do they facilitate communication with banks?
Social media groups comprising Banks' AIF Teams serve as a fast mode of communication with banks for persuading them to lend more and more under AIF for creation of agriculture infrastructure, and this forum also helps in sorting out operational issues and providing handholding support.
What is the purpose of the special award-giving ceremonies organized by the Ministry, and who are the recipients of these awards?
The special award-giving ceremonies are organized to acknowledge the contribution of top-performing Bank Executives and their Team members. The recipients of these awards are the top-performing Bank Executives and their Team members.
Match the following features with the Agriculture Infrastructure Fund (AIF) scheme:
Rs. 1 Lakh Crore = Total loan amount provided by banks and financial institutions 3% per annum = Interest rate on loans CGTMSE = Credit guarantee coverage for loans up to Rs. 2 Crores Rs. 26,064 Crores = Total loan amount sanctioned for projects
Match the following figures with the corresponding descriptions:
Rs. 44,208 Crores = Total investment mobilized in the agriculture sector Rs. 2 Crores = Maximum loan amount with credit guarantee coverage Rs. 1 Lakh Crore = Total loan amount provided by banks and financial institutions 33,369 = Number of projects sanctioned under the AIF scheme
Match the following entities with their roles:
Banks and financial institutions = Providers of loans up to Rs. 1 Lakh Crore CGTMSE = Providers of credit guarantee coverage Ministry of Agriculture & Farmers Welfare = Launched the AIF scheme Government = Launched the BHARAT campaign
Match the following dates with the corresponding events:
08 AUG 2023 = Date of posting information on the AIF scheme 15th July 2023 = Start date of the BHARAT campaign 2020 = Launch year of the AIF scheme 15th August 2023 = End date of the BHARAT campaign
Match the following terms with their descriptions:
Post-harvest management = Type of infrastructure for which loans are provided Community farming assets = Type of infrastructure for which loans are provided Agriculture Infrastructure Fund = Scheme for mobilizing investment in agriculture infrastructure BHARAT = Campaign for creating a competitive spirit among banks
Match the following benefits with the corresponding entities:
Maximum benefits = People Competitive spirit = Banks and lending institutions Credit guarantee coverage = Loans up to Rs. 2 Crores Interest subvention = Loans with 3% per annum interest rate
Match the following categories of banks with their respective descriptions:
Commercial Banks in Public Sector = Government-owned banks that provide general banking services Regional Rural Banks = Banks that provide financial services to rural areas Small Finance Banks = Banks that provide basic banking services to underserved populations Cooperative Banks = Banks owned and controlled by their members
Match the following entities with their roles in the AIF Scheme:
Ministry of Agriculture and Farmers' Welfare = Sets annual targets for individual banks and provides handholding support NABARD = Provides financial assistance to banks for AIF projects Bank Executives = Implement the AIF Scheme and report to the Ministry AIF Nodal Officers = Coordinate with banks to ensure smooth implementation of the AIF Scheme
Match the following initiatives with their purposes:
BHARAT Campaign = To create a competitive spirit among banks and lending institutions Bankers are Anchors Programme = To promote the AIF Scheme among bankers Capacity Building Programmes = To train bank officials on the AIF Scheme Social Media Groups = To facilitate communication between banks and the Ministry
Match the following events with their descriptions:
Award Giving Ceremonies = To acknowledge top-performing bank executives and their teams Regular Interactions with Bank Executives = To review performance and provide handholding support Capacity Building Programmes = To train bank officials on the AIF Scheme Daily Performance Updates = To generate enthusiasm and competitive spirit among banks
Match the following entities with their roles in the AIF Scheme:
Head Offices of Banks = Implement the AIF Scheme and report to the Ministry Bank Executives = -coordinate with the Ministry for handholding support AIF Nodal Officers = Coordinate with banks to ensure smooth implementation of the AIF Scheme Controlling Offices of Banks = Monitor the progress of AIF projects
Match the following with their purposes:
Daily Performance Updates = To create a competitive spirit among banks Regular Interactions with Bank Executives = To review performance and provide handholding support Social Media Groups = To facilitate communication between banks and the Ministry Award Giving Ceremonies = To acknowledge top-performing bank executives and their teams
What is the primary objective of the Agriculture Infrastructure Fund scheme?
To mobilize medium – long-term debt financing facility for investment in viable projects
How many projects have been sanctioned loans as of the given date?
33,369 projects
What is the total investment mobilized in the agriculture sector through the sanctioned projects?
Rs. 44,208 Crores
What is the duration of the 'BHARAT' campaign?
A month-long campaign
What is the interest subvention rate per annum provided to loans under the Agriculture Infrastructure Fund scheme?
3% per annum
What is the total amount of loans sanctioned for projects under the Agriculture Infrastructure Fund scheme as of the given date?
Rs. 26,064 Crores
What is the primary consideration for setting annual targets for individual banks under the AIF Scheme?
Clientele base, geographical reach and share in agricultural advance
What is the purpose of the daily updates shared among banks under the BHARAT campaign?
To generate enthusiasm and competitive spirit among banks
What is the role of the designated AIF Nodal Officer in the Head Office of banks?
To implement the AIF Scheme from application to reimbursement
What is the purpose of the capacity building programmes conducted by the Ministry at Bankers' Training Colleges?
To create awareness about the AIF Scheme among bank officials
What is the role of social media groups in the AIF Scheme?
To facilitate communication with banks and sort out operational issues
What is the significance of the 'Bankers are Anchors' programme?
It is an interaction programme with banks' top executives and their Nodal Officers
Test your knowledge on the Agriculture Infrastructure Fund (AIF) scheme launched in 2020 to address infrastructure gaps and mobilize investment in agriculture infrastructure. Learn about the objectives and benefits of this scheme.
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