Which of the following statements is/are correct regarding the Formation & Promotion of 10,000 Farmer Producer Organizations (FPOs) scheme?
- The scheme aims to form and promote 10,000 FPOs with a total budgetary outlay of ₹6,865 crores.
- Each FPO receives financial assistance of up to ₹18 lakh for three years.
- The scheme also includes a credit guarantee facility of up to ₹5 crore per FPO.
1
1 and 2
2
2 and 3
3
Only 1
4
Only 2
5
1, 2 and 3