Which statement among the following is incorrect regarding Green Revolution?

It was largely funded by national agencies which provided high yielding variety seeds

The correct answer is Option (3) → It was largely funded by national agencies which provided high yielding variety seeds.

The Green Revolution was a government programme of agricultural modernisation.

It was largely funded by international agencies that was based on providing high-yielding variety(HYV) or hybrid seeds along with pesticides, fertilisers, and other inputs, to farmers. Green Revolution programmes were introduced only in areas that had assured irrigation, because sufficient water was necessary for the new seeds and methods of cultivation. It was also targeted mainly at the wheat and rice-growing areas. As a result, only certain regions such as the Punjab, western U.P., coastal Andhra Pradesh, and parts of Tamil Nadu, received the first wave of the Green Revolution package.

In most of the Green Revolution areas, it was primarily the medium and large farmers who were able to benefit from the new technology. This was because inputs were expensive, and small and marginal farmers could not afford to spend as much as large farmers to purchase these inputs.