Explanation:

In order to promote potential technology solutions for enhancing farm mechanization with special emphasis on women friendly equipment’s, a hackathon named “KRITAGYA” has been planned by the Indian Council of Agricultural Research (ICAR) under National Agricultural Higher Education Project (NAHEP).

• Students, faculties and innovators/entrepreneurs from any university / technical institution across the country can apply and participate in the event in the form of a group.
• In one group maximum 4 participants can compete, with not more than one faculty and / or more than one innovator or entrepreneur. Participating students can collaborate with local start-ups, students from technology institutes, and can win Rs. 5 lakhs, Rs 3 lakhs and Rs. 1 lakh as first, second and third prize.
• The ICAR commenced NAHEP, a Government of India and World Bank project, in 2017 with the overall objective to support the National Agricultural Research and Education System in providing more relevant and better quality education to the students.
• In this regard, ICAR is organizing KRITAGYA- Ag-Tech Hackathon to promote innovation in farm mechanization- A joint initiative by NAHEP and Agricultural Engineering Division.

Hence only statement 2nd is correct.