ibps-so 2016 · Question 322 of 394

A group of twelve cultivators of a hill block who have been certi ed for organic production has approached the branch for nance to meet the cost of the conversion – farmyard manure and compost, biofertiliser and biopesticide, vermicompost beds, certi cation charges and the loss of yield during the conversion years. The branch's own circular on organic farming xes a per hectare scale of nance beyond which a proposal must be referred to the controlling o ce, and the eld o cer has to apply that scale to the eight hectares before him. The o cer is careful to distinguish this bank credit from the assistance separately admissible for organic farming under the National Horticulture Mission, which is a much smaller per hectare grant and is released through the State horticulture department rather than through the branch. The loan available for organic farming in India, per hectare, is

1. A₹5,000
2. B₹10,000
3. C₹20,000
4. D₹35,000
5. E₹50,000Correct