What is meant by Pull financing ?

Question

Quizplus · Accepted Answer

Pull financing refers to a type of financing where rewards or incentives are provided to encourage the development and adoption of new technologies or innovations. This approach is often used when it is difficult for the market to fully internalize the benefits of the new technology, and thus, it is necessary to incentivize its development and adoption. This is different from push financing, where funding is provided for the direct provision of goods or services, such as civil service inputs. Option A is incorrect. Option C does not fully capture the nature of pull financing, as the intention is typically for the new technologies to be implemented. Option D is also incorrect, as the concept of pull financing is not directly related to the establishment of trial farms.

What Is Meant by Pull Financing