Indian Polity · Polity

Consider the following statements regarding MSMEs in India: Statement 1: The Interest Subvention Scheme for MSMEs was designed to offer a 2 percent per annum interest relief on outstanding fresh or incremental term loans and working capital to cooperative/private MSMEs registered on the Udyam portal. Statement 2: According to the MSMED Act 2006, the buyer of goods or services from an MSME must make the payment on or before the agreed date, but this agreed period cannot exceed 60 days from the date of acceptance. Statement 3: In the event of delayed payment, the buyer is liable to pay compound interest with monthly rests to the MSME supplier at three times the bank rate notified by the RBI. Which of the above statements are correct?