Which of the following statements is are correct about PMKSY 1 A state will become eligible to acces...........

Economic Affairs Agricultural Policy and Growth

Which of the following statements is/are correct about PMKSY ?

1. A state will become eligible to access PMKSY funds only if it has prepared the district irrigation plans and state irrigation plans and sustained an increasing expenditure trend in irrigation sector in state plan.

2. PMKSY funds would be given to states as 75% grant by the central government & remaining 25% share by the state government.

Code

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Pradhan Mantri Krishi Sinchai Yojana (PMKSY) was launched in 2015-16 with objectives to enhance physical access of water on farms; expand cultivable area under assured irrigation; improve water use efficiency in agriculture and introduce sustainable conservation practices.
The funds under PMKSY will be allocated only if state government has prepared the district irrigation plans and state irrigation plans. PMKSY funds would be given to states as 75 per cent grant by the central government and the remaining 25 per cent share is to be borne by the state government. But, for the north-eastern region and hilly states, the funding pattern would be 90:10.
In order to be eligible for funds, states have to increase their allocation with each passing fiscal