Consider the following statements with reference to Mukhyamantri Krishi Samvardhan Yojana It is a cl...........

Himachal Pradesh Economy

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Consider the following statements with reference to Mukhyamantri Krishi Samvardhan Yojana:

It is a cluster based subsidized seeds and crop support scheme.
The scheme provides 50% subsidy on seeds for various crops, excluding cereals and pulses.

Which of the above statements is/are incorrect?

1 only

2 only

Both

None

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Explanation:

Mukhyamantri Krishi Samvardhan Yojana: Subsidized seeds and crop support

Under the Mukhyamantri Krishi Samvardhan Yojana, the state promotes cluster-based vegetable farming and provides significant subsidies:
- 50% subsidy on seeds for various crops, including cereals and pulses.
- 25% subsidy on seeds for high-demand crops like potatoes, ginger, and turmeric.

The scheme distributed hybrid seeds to 60,000 farmers in the 2023-24 fiscal year alone, backed by a budget of Rs. 23.60 crore. This support system allows farmers to invest in quality seeds and achieve higher yields, contributing to income growth?.