Consider the following statements Revitalising Infrastructure and Systems in Education RISE scheme T...........

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Consider the following statements. Revitalising Infrastructure and Systems in Education (RISE) scheme

Targets Central Universities in India
Provides grants for improvement in quality of infrastructure and research

Which of the above is/are correct?

1 only

2 only

Both 1 and 2

None

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Explanation:

S2: It is a loan, not an obligation free grant.

Under RISE, all centrally-funded institutes (CFIs), including central universities, IITs, IIMs, NITs and IISERs, can borrow from a Rs 1, 00,000 crore corpus over the next four years to expand and build new infrastructure. The initiative aims to step up investments in research and related infrastructure in premier educational institutions, including health institutions. Higher Education Financing Agency (HEFA) would be suitably structured for funding this initiative. The manner in which investment in institutions is provided is likely to be the same as is practiced in HEFA, but there may be different windows for different institutions.