With reference to AgriSURE Fund, consider the following statements: 1. The fund aims to subsidize agricultural inputs like seeds, fertilizers, and equipment to lower costs and boost yields. 2. The World Bank plays a significant role in supporting the AgriSURE Fund. 3. The fund is a part of Alternative Investment Fund (AIF). Which of the statement(s) given above is/are correct? |ForumIAS

Q. With reference to AgriSURE Fund, consider the following statements: 1. The fund aims to subsidize agricultural inputs like seeds, fertilizers, and equipment to lower costs and boost yields. 2. The World Bank plays a significant role in supporting the AgriSURE Fund. 3. The fund is a part of Alternative Investment Fund (AIF). Which of the statement(s) given above is/are correct?

[A] 1 and 2 only

[B] 2 only

[C] 2 and 3 only

[D] 3 only

Answer: D

Notes:

Explanation –

Statements 1 and 2 are incorrect. The AgriSURE Fund is primarily focused on supporting startups and agripreneurs in the agriculture sector through equity and debt investments, particularly in high-risk, high-impact activities. The fund is supported by contributions from the Government of India, NABARD, and other institutions, including private investors.

Statement 3 is correct. The AgriSURE Fund is established as a Category-II Alternative Investment Fund (AIF).

Source: AIR

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