Question : How much amount of credit guarantee programme for India has recently(September 2021) been announced by DFC & USAID ?
a. 55 million dollar
b. 65 million dollar
c. 75 million dollar
d. 85 million dollar
Ans. a.
Related facts ---

  • DFC & USAID recently(September 2021) announced a 55 million dollar(Rs 400 crore) credit guarantee programme(CRP) in India.
  • The aim of this CRP is to address the economic impact of covid-19 by supporting loans to farmer producer organizations, ag-tech companies, and companies engaged in clean energy solutions for the agriculture sector.
  • It will introduce and support clean technologies for small-holder farmers, particularly women, that improve market linkages and increase incomes while having a positive impact on the environment.
  • The financial support will be complemented with technical assistance led by the RF to focus on areas of business management and help in building stronger linkages to the markets. RF(Rabo Foundation) is a social arm of Rabobank.
  • Loans to farmer producer organizations will be provided by three Indian lenders—Samunnati Financial, Maanaveeya, and Avanti Finance.
  • DFC ---
  • DFC stands for --- U.S. International Development Finance Corporation
  • It is a development finance institution and agency of the United States federal government.
  • USAID ---
  • USAID stands for --- United States Agency for International Development.
  • It is an independent agency of the United States federal government that is primarily responsible for administering civilian foreign aid and development assistance.

By --- Pankaj Pandey.

Link:
https://www.livemint.com/news/india/dfc-and-usaid-announce-55-million-guarantee-programme-in-india-11632470939171.html