Civil Services APPSC Group I Services Prelims Mock Test Series 2025 Andhra Predesh GK Economy and Development
Consider the following statements regarding the Agriculture Infrastructure Fund (AIF) scheme in Andhra Pradesh:
1. Under Phase-I of the AIF project, NABARD has approved a loan of Rs. 736.03 Crores, and the state government has agreed to stand guarantee for all AIF loans.
2. The government has allotted land on a 50-year long lease to PACS at nominal rent for constructing godowns, with exemption from stamp duty and registration fees.
Which of the statements given above is/are correct ?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2