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Government Scheme through MCQs : Ministry of Agriculture and Farmer Welfare

Government Scheme through MCQs : Ministry of Agriculture. Understand the concept of Government schemes through MCQs for RBI Grade B, NABARD Grade A, UPSC 2021. This Article provide information about Important Government schemes of Ministry of Agriculture.

Government Scheme through MCQs

Paragraph - India has a huge opportunity to invest in post-harvest management solutions like warehousing, cold chain, and food processing, and build a global presence in areas such as organic and fortified foods. Agriculture Infrastructure Fund launched by the government will help build these Infrastructure through improved credit facility. Agriculture Infrastructure Fund meant for setting up storage and processing facilities, which will help farmers get higher prices for their crops, according to government statement.

Q – 1. The Total outlay as budgetary support from Government of India (GoI) for Agriculture Infrastructure Fund will be
A. Rs. 10,736 Crore
B. Rs. 15,563 Crore
C. Rs. 20,760 Crore
D. Rs. 35,230 Crore
E. Rs. 1,00,000 Crore

Q – 2. All loans under this financing Facility will have interest subvention of ____ per annum up to a credit limit of Rs. ____
A. 2%, 1 Crore
B. 3%, 2 Crore
C. 4%, 1 Crore
D. 2.5%, 2 Crore
E. 3%, 1 Crore

Q – 3. How much amount of loan will be disbursed in the current financial year
A. Rs. 10,000 Crore
B. Rs. 20,000 Crore
C. Rs. 30,000 Crore
D. Rs. 50,000 Crore
E. Rs. 1,00,000 Crore

Q – 4. Upto what amount of loan by borrower will be eligible for Credit Guarantee Coverage under CGTMSE
A. Rs. 1 Crore
B. Rs. 1.5 Crore
C. Rs. 2 Crore
D. Rs. 2.5 Crore
E. Rs. 3 Crore

Q – 5. Which of the following Statement is/are correct regarding AIF
I. Moratorium for repayment under this financing facility may vary subject to minimum of 6 months and maximum of 2 years.
II. It is a centrally sponsored Program launched for Small and Marginal Farmer
Agri Infra fund will be managed and monitored through an online Management Information System (MIS) platform
III. The lending institutions availing guarantee from the CGTMSE have to pay one time guarantee fee of 2.5% 

Select the correct Code 
A. Only I & III
B. Only II, III & IV
C. Only I, III & IV
D. Only I, II & IV
E. All I, II, III & IV

Q – 6. Agriculture Infrastructure fund will be implemented till which Financial Year
A. FY2024
B. FY2025
C. FY2029
D. FY2030
E. FY2033

Q – 7. Soil Health Card (SHC) was started in which year?
A. 2014
B. 2015
C. 2016
D. 2018
E. 2019

Q – 8. Soil Health Card will be available after cycle of how many years
A. 1 Year
B. 2 Years
C. 3 Years
D. 5 Years
E. Every Crop Season

Paragraph - Giving a major boost to the pro-farmer initiatives of the Government and in keeping with its commitment and dedication for the Annadata, Government has launched a Umbrella Scheme for the growth of Agriculture sector and towards its commitment of doubling the farmers income.
This is an unprecedented step taken by Govt. of India to protect the farmers’ income which is expected to go a long way towards the welfare of farmers.  Government has already increased the MSP of kharif crops by following the principle of 1.5 times the cost of production.

Q - 9. The Above Paragraph is discussing about which of the Following Scheme 

Q – 10. Which of the Following are the component of above Mentioned Scheme ?
I. Price Support Scheme  (PSS)
II. Price Deficiency Payment Scheme  (PDPS)
III. Pilot of Private Procurement and Stockiest Scheme (PPSS)

Select the Correct Code
A. Only I
B. Only II & III
C. Only I & II
D. Only I & III
E. All I, II & III

Bonus Question

Q - 11. Consider the following statements about Rural Infrastructure Development Fund (RIDF)
1.Government of India created the RIDF in NABARD.
2.The eligible activities are classified into Agriculture and related sector, Social sector and rural connectivity.
3.Panchayat Raj Institutions, Self Help Groups (SHGs) and NGOs are also eligible to receive funds.

Which of the above statements is/are correct?
  a) 1, 2
  b) 2, 3
  c) 1, 3
  d) 1, 2, 3

Answer - D.

Explanation :-
The RIDF was set up by the Government in 1995-96 for financing ongoing rural Infrastructure projects. The Fund is maintained by the National Bank for Agriculture and Rural Development (NABARD). Domestic commercial banks contribute to the Fund to the extent of their shortfall in stipulated priority sector lending to agriculture. The main objective of the Fund is to provide loans to State Governments and State-owned corporations to enable them to complete ongoing rural infrastructure projects.

At present, there are 37 eligible activities under RIDF as approved by GoI. 

For Answer and Explanation Read Below Article First.

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