General Knowledge · Government Schemes
Consider the following statements regarding the Sub-Mission on Agricultural Mechanization (SMAM) scheme: 1. 80% financial assistance for projects costing up to Rs 10 Lakhs is provided to cooperative societies of farmers, FPOs, and Panchayats to establish Custom Hiring Centres. 2. 40% to 50% subsidy depending on the category of farmers is provided for the purchase of individual agricultural machinery. 3. For North Eastern States, the financial assistance for establishing Farm Machinery Banks is 95% of the project cost up to Rs 10 Lakhs. Which of the statements given above are correct?
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