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Consider the following statements about Sub Mission on Agriculture Scheme:
1. 80% of the project cost for a project costing Rs 10 Lakhs is provided to co-operative societies, FPOs and Panchayat.
2. 40% to 50% of the cost depending on the category of farmers is provided for purchase of agriculture machinery.
3. For North Eastern states, Farm Machinery Bank is at 95% of the project cost up to Rs 10 lakh. Which of the above statement is true?
Only 1
Only 1 and 3
Only 2
Only 2 and 3
1, 2, and 3
- Statement 1: This indicates that 80% of the project cost for projects up to Rs 10 lakh is supported for co-operative societies, FPOs, and Panchayats.
- Statement 2: It mentions that farmers receive 40% to 50% funding for purchasing agriculture machinery, based on their category.
- Statement 3: It clarifies that in North Eastern states, Farm Machinery Banks receive 95% of the project cost up to Rs 10 lakh.
Correct Answer: Option 5, 1, 2, and 3
All three statements are correct as they accurately represent different facets of the Sub Mission on Agriculture Mechanization Scheme.
By: Parvesh Mehta ProfileResourcesReport error
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