Indian Polity · Polity

Consider the following statements regarding the Panchayats (Extension to Scheduled Areas) Act, 1996 (PESA): I. It operationalizes Article 243M(4)(b) by extending the provisions of Part IX of the Constitution to the Scheduled Areas. II. Under the Act, the reservation of seats for Scheduled Tribes in these Panchayats must be at least 50% of the total number of seats. III. Gram Sabhas have ownership rights over minor forest produce and the power to manage village markets. IV. Mandatory consultation with the Gram Sabha is required before the granting of prospecting licenses or mining leases for all types of minerals in Scheduled Areas. How many of the statements given above are correct?