Current Affairs · Government Schemes
Which of the following statements correctly describes the financial and credit support structures provided under the Agriculture Infrastructure Fund (AIF)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It offers a full interest waiver on all kinds of rural microloans, restricted solely to non-banking microfinance institutions.
- 2It provides an interest subvention of 3% per annum for loans up to Rs 2 crore per project for a maximum of 7 years, along with credit guarantee coverage under CGTMSE for eligible entities like FPOs, PACS, and startups.✓
- 3It offers no interest subvention but provides a 100% government-backed credit guarantee for loans taken by large agribusiness corporates for export units.
- 4It offers 6% interest subvention on all agricultural loans up to Rs 5 crore with no credit guarantee facility, restricted strictly to individual farmers for purchasing machinery.
Correct answer
It provides an interest subvention of 3% per annum for loans up to Rs 2 crore per project for a maximum of 7 years, along with credit guarantee coverage under CGTMSE for eligible entities like FPOs, PACS, and startups.
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