Explanation:

Charter Act of 1813:
The Act incorporated the principle of encouraging learned Indians and promoting knowledge of modern sciences in the country. The Act directed the Company to sanction one lakh rupees annually for this purpose,
the Charter Act of 1813, was an Act of the Parliament of the United Kingdom which renewed the charter issued to the British East India Company, and continued the Company's rule in India. However, the Company's commercial monopoly was ended, except for the tea trade and the trade with China. Reflecting the growth of British power in India,
1. The Act expressly asserted the Crown's sovereignty over British India.
2. It allotted Rs 100,000 to promote education in Indian masses.
3. This act permitted Christian missionaries to propagate English and preach their religion.
The power of the provincial governments and courts in India over European British subjects was also strengthened by the Act. Financial provision was also made to encourage a revival in Indian literature and for the promotion of science.