Which of the following statements about Dam Rehabilitation and Improvement Project DRIP is are corre...........

Geography Irrigation

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Which of the following statements about Dam Rehabilitation and Improvement Project (DRIP) is/are correct?

DRIP is a state sector scheme with a central component.
DRIP was launched in the year 2012 by the Ministry of Rural Development.
DRIP is funded by the World Bank.
The original share of centre in DRIP was 1968 crore rupees where as the share of the states was 132 crore rupees.

Choose the correct alternative-

1 and 3

2 and 3

1, 3 and 4

1, 2, 3 and 4

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Explanation:

First option is correct.

DRIP stands for Dam Rehabilitation & Improvement Project. It is funded by the World Bank to the tune of Rs. 3466 crore till June 2020. The programme was in news as the government has extended the timeline of the project. DRIP is a state sector scheme with central component to improve the safety and operational performance of selected dams.

The project was launched in 2012 by the Central Water Commission under the Ministry of Water Resources and Resources, River Development and Ganga Rejuvenation with assistance from the World Bank. The programme was originally for a duration of 6 years with closure in June 2018 with total cost of 2100 crore rupees with statement component of 1968 crore rupees and central component of 132 crore rupees.