Consider the following statements regarding India's BioE3 (Biotechnology for Economy, Environment and Employment) Policy and the broader bioeconomy policy framework in India:

Statements

1. The BioE3 Policy is a targeted national initiative that forms part of India's bioeconomy strategy, with the country's policy portfolio emphasising enabling conditions such as R&D support, tax incentives and institutional capacity rather than sector-specific interventions alone.
2. India's Ethanol Blended Petrol Programme represents demand-side policy, while the Ethanol Interest Subvention Scheme — which provides concessional finance for distillery capacity — represents supply-side policy, together illustrating how bioeconomy demand and supply can be grown simultaneously.
3. BioE3 is administered jointly by the Ministry of Petroleum and Natural Gas and the Ministry of Science and Technology, as the policy spans both energy and biotechnology mandates.