Consider the following statements regarding Nai Manzil ndash The credit will be facilitated by ...........

Social Issues Minorities

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Consider the following statements regarding Nai Manzil –

The credit will be facilitated by the International Development Association (IDA), World Bank’s concessionary lending arm.
It is a scheme for leadership development among Minority Women.

Which of the above statement/s is/are correct?

1 only

2 only

Both are true

None is true

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Explanation:

The total project size is 100 million dollars, out of which 50 million dollars will be available as IDA credit and the remaining balance funding from the Union Budget. It intends to cover people in between 17 to 35 age group from all minority communities as well as Madrasa students. This scheme will provide new avenues for minorities for continuing higher education and also open up employment opportunities in the organized sector.