Consider the following statements regarding the Agriculture Infrastructure Fund: 1. All loans under the scheme up to ₹2 crore will have an interest subvention of 3% per annum for a maximum period of 7 years. 2. The scheme covers post-harvest management projects such as e-marketing platforms, warehouses, cold chains, and logistics facilities. 3. The scheme is operational from 2020-21 to 2035-36, with loan disbursement to be completed by the end of Financial Year 2028-29. Which of the above statements is/are incorrect?

Explanation

The incorrect statement is Statement 3. Statement 1: • This is correct. Under the Agriculture Infrastructure Fund, all loans up to ₹2 crore are eligible for an interest subvention of 3% per annum for a maximum period of 7 years. This financial support is designed to encourage investment in agricultural infrastructure. 58 www.bankersadda.com | Adda247 App Statement 2: • This is correct. The scheme covers post-harvest management projects, including e-marketing platforms, warehouses, cold chains, logistics facilities, and other infrastructure related to smart and precision agriculture, supply chains, and community farming assets. Statement 3: • This is incorrect. The Agriculture Infrastructure Fund is operational from 2020-21 to 2032-33, with loan disbursement under the scheme to be completed by the end of Financial Year 2025-26. The statement incorrectly mentions the period as 2035-36 with loan disbursement ending in 2028-29.