What is the main objective of e-NWR based Pledge Financing (CGS-NPF) Scheme?
A) Providing subsidies to big farmers
B) To protect small farmers from distress sale of their produce
C) To promote agricultural imports
D) Development of new agricultural techniques
Answer : B
Description :
Recently, Union Minister for Consumer Affairs, Food & Public Distribution and New & Renewable Energy Pralhad Joshi launched the Credit Guarantee Scheme for e-NWR based Pledge Financing (CGS-NPF). Its objective is to provide loan facility to small farmers to save them from distress selling. Under this, a loan of up to Rs 75 lakh will be given for agricultural purposes and a loan of up to Rs 200 lakh will be given for non-agricultural purposes.
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