Explanation:

The Union Cabinet has approved the Revised Cost Estimate (RCE) of North Eastern Region Power System Improvement Project (NERPSIP) at an estimated cost of Rs. 6,700 crore.

• The scheme is being implemented through POWERGRID, a Public Sector Undertaking (PSU) under Ministry of Power in association with six beneficiary North Eastern States namely, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura.
• The scheme is targeted to be commissioned by December 2021. After commissioning, the project will be owned and maintained by the respective North Eastern State Utilities.
• The main objective of the project is economic development of North Eastern Region through strengthening of Intra - State Transmission and Distribution systems.
• The Scheme was initially approved in 2014 as a Central Sector Plan Scheme of Ministry of Power.
• It is being funded with the assistance of World Bank fund and by the Government of India (Gol) through the Budget support of Ministry of Power on 50:50 basis (World Bank: Gol) except for the capacity building component for Rs 89 crore, which will be entirely funded by the Gol.

Hence all statements are correct.