Consider the following statements in relation to new agro industries policy of the Punjab state 1 In...........

Punjab Economy

Consider the following statements in relation to new agro industries policy of the Punjab state ?

1.Industry subsidy is provided to agro units,Infra Projects and for modernisation and technology upgradation.

2.To increase exports of fruits and vegetables and value added agri-products.

3.The state lowered the threshold limit for investment from Rs 100 cr to Rs 25 cr for mega projects related to agro units.

Which of the above statements is/are correct ?

3 Only

2 and 3 Only

1 Only

All of the above

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Explanation:

Punjab has been in the forefront of the Green Revolution in the late
60s and 70s with abundant agro base.Witth a view to develop agro indstries, the state, government has announced its Agro Policy in 2009.Interest Subsidy is provided to agro units, infra projects and for modernisation and technology and upgradation.In order to speed up the investment the state has lowered the threshold limit for investment from Rs.100 crore to 25 crore for mega projects. Punjab Agro (PAGREXCO) has been providing following subsidies from the Corpus Fund being maintained by it for distant domestic marketing and exports of flowers, fruits & vegetables to the growers.