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Your results are here!! for" SCHEME FOR FINANCING TO FARMERS/PRODUCERS UNDER CONTRACT FARMING ARRANGEMENT "
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Question 1 of 10
1. Question
What is the main purpose of financing under the Contract Farming Arrangement?
Correct
The scheme meets the credit requirements of individual farmers/producers identified for production of specified crops or commodities.
Incorrect
The scheme meets the credit requirements of individual farmers/producers identified for production of specified crops or commodities.
Unattempted
The scheme meets the credit requirements of individual farmers/producers identified for production of specified crops or commodities.
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Question 2 of 10
2. Question
Which types of credit may be provided to farmers/producers under the contract farming arrangement?
Correct
Credit may be provided by way of Working Capital and/or Term Loan, depending on the requirement.
Incorrect
Credit may be provided by way of Working Capital and/or Term Loan, depending on the requirement.
Unattempted
Credit may be provided by way of Working Capital and/or Term Loan, depending on the requirement.
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Question 3 of 10
3. Question
Who is the target group under the scheme for financing farmers/producers under contract farming?
Correct
The target group consists of individual farmers/producers willing to produce specified crops or commodities mentioned in the forward agreement.
Incorrect
The target group consists of individual farmers/producers willing to produce specified crops or commodities mentioned in the forward agreement.
Unattempted
The target group consists of individual farmers/producers willing to produce specified crops or commodities mentioned in the forward agreement.
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Question 4 of 10
4. Question
The specified crops or commodities to be produced should be mentioned in which agreement?
Correct
The specified crops or commodities are those mentioned in the forward agreement between the Buyer and the Farmer.
Incorrect
The specified crops or commodities are those mentioned in the forward agreement between the Buyer and the Farmer.
Unattempted
The specified crops or commodities are those mentioned in the forward agreement between the Buyer and the Farmer.
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Question 5 of 10
5. Question
What is the nature of facility under the contract farming finance scheme?
Correct
The facility may be provided as a Term Loan and/or Working Capital.
Incorrect
The facility may be provided as a Term Loan and/or Working Capital.
Unattempted
The facility may be provided as a Term Loan and/or Working Capital.
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Question 6 of 10
6. Question
How is the extent of loan determined under the contract farming arrangement?
Correct
The loan is need based, subject to fulfilment of the borrower‘s eligibility criteria under the extant Bank guidelines.
Incorrect
The loan is need based, subject to fulfilment of the borrower‘s eligibility criteria under the extant Bank guidelines.
Unattempted
The loan is need based, subject to fulfilment of the borrower‘s eligibility criteria under the extant Bank guidelines.
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Question 7 of 10
7. Question
What is the primary security for loans under the contract farming arrangement?
Correct
The primary security is hypothecation of the crop or assets created out of the bank loan.
Incorrect
The primary security is hypothecation of the crop or assets created out of the bank loan.
Unattempted
The primary security is hypothecation of the crop or assets created out of the bank loan.
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Question 8 of 10
8. Question
What is the collateral security requirement for loans up to Rs. 3.00 lakh under the scheme?
Correct
For loans up to Rs. 3.00 lakh, collateral security is NIL.
Incorrect
For loans up to Rs. 3.00 lakh, collateral security is NIL.
Unattempted
For loans up to Rs. 3.00 lakh, collateral security is NIL.
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Question 9 of 10
9. Question
For loans above Rs. 3.00 lakh, collateral security is governed by which requirement?
Correct
For loans above Rs. 3.00 lakh, collateral security is required as per the prevalent guidelines.
Incorrect
For loans above Rs. 3.00 lakh, collateral security is required as per the prevalent guidelines.
Unattempted
For loans above Rs. 3.00 lakh, collateral security is required as per the prevalent guidelines.
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Question 10 of 10
10. Question
A farmer under the scheme should be willing to produce which crops or commodities?
Correct
The farmer/producer should be willing to produce the specified crops or commodities mentioned in the forward agreement between the Buyer and Farmer.
Incorrect
The farmer/producer should be willing to produce the specified crops or commodities mentioned in the forward agreement between the Buyer and Farmer.
Unattempted
The farmer/producer should be willing to produce the specified crops or commodities mentioned in the forward agreement between the Buyer and Farmer.