With reference to the Jalvahak Scheme consider the following statements It aims to unlock the trade ...........

Indian Economic System Infrastructure- Housing, Transport, Energy

With reference to the Jalvahak Scheme, consider the following statements

It aims to unlock the trade potential of India’s inland waterways.
It will remain valid for three years and is designed to optimise supply chains for major shipping companies.
It is implemented by the Ministry of Jal Shakti.

How many of the above statements are correct?

Only One

Only Two

All Three

None

Only statements 1&2 are correct.

Recently, the Union Government launched the 'Jalvahak' scheme to incentivise cargo movement via inland waterways.

It aims to unlock the trade potential of inland waterways while reducing logistics costs and decongesting road and rail networks.

Features

Under the scheme, cargo owners transporting goods over distances exceeding 300 km via waterways will receive up to 35 per cent reimbursement on operating costs.
The scheme will remain valid for three years and is designed to optimise supply chains for major shipping companies, freight forwarders, and trade bodies.
It is a major step towards promoting sustainable and cost-effective transportation across National Waterways 1 (Ganga), 2 (Brahmaputra), and 16 (Barak river).
Implemented by: It is jointly implemented by the Inland Waterways Authority of India (IWAI) and Inland & Coastal Shipping Ltd (ICSL).

Hence option 2nd is correct.