1. Fixing Minimum Support Price for agriculture produce of all crops.
2. Computerization of Primary Agricultural Credit Societies.
3. Social Capital development.
4. Free electricity supply to farmers.
5. Waiver of agricultural loans by the banking system
6. Setting up of cold storage facilities by the governments
Select the correct answer using the code given below :
Correct Answer: (c) 2, 3 and 6 only
Note: Public investment means investment in creation of physical infrastructure, such as, setting up cold storage facilities, construction of canals and rural roads, computerization of primary credit societies, social capital formation with education and training, research and development etc. Hence, statement (2), (3) and (6) are correct.
Investment is a term associated with the capital part of the budget. Subsidy is a revenue part and it is not included in public investment. Thus, subsidies and loan waivers are not investment. Free electricity supply to farmers and waiver of agricultural loans by the banking system are parts of the government's subsidy policy. Public investment in agriculture constitutes investment made by government to create capital or social assets to improve agricultural productivity. Fixing MSP gives farmers the remunerative price S. (Pre) 2020 without creating any durable infrastructure. Hence, statement (1), (4) and (5) are incorrect.