Seed Replacement Rate (SRR) is crucial for increasing crop productivity. A higher SRR implies the use of improved varieties of seeds, which generally possess better genetic potential and resilience. Statement 1 is incorrect because India has a National Seed Policy, formulated in 2002, aimed at the development of the seed industry. Statement 2 is incorrect as the private sector plays a significant role in supplying quality seeds for various crops, including vegetables and horticultural products. Statement 3 correctly identifies a major constraint: while there is progress in high-value crops, meeting the demand for quality seeds of low-value, high-volume crops (like many cereals) remains a challenge due to production costs and logistical issues.