Choose if the given statement is true or false:

To increase production in agriculture, the government has introduced some institutional measures, collectivisation, consolidation of holding corporations, and the abolition of the zamindari system.

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True

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answer is A.

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Detailed Solution

The given statement is true. Following independence, the government implemented several institutional initiatives to boost agricultural output, including collectivisation, holding company consolidation, and the zamindari system abolition. A thorough land development program was started in the 1980s and 1990s and encompassed institutional and technical improvements. The development of the Grameen Banks, Cooperative Societies, and Bank to provide lending facilities to the farmers at cheaper rates of interest were some significant milestones in this regard. Crop insurance against drought, flood, cyclone, fire, and disease was also provided. The government offers huge subsidies on agricultural inputs. At the moment, fertilisers receive the highest level of subsidy.

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