Which of the following statements is are correct regarding Institutions of Eminence scheme 1 It is i...........

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Which of the following statements is/are correct regarding Institutions of Eminence scheme?

1.It is implemented by Union human resource development ministry aims to project Indian institutes to global recognition.

2. The selected institutes will enjoy complete academic and administrative autonomy.

Choose the correct answer using the codes below:

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

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Explanation:

The institutes of eminence scheme under the Union human resource development (HRD) ministry aims to project Indian institutes to global recognition.

The selected institutes will enjoy complete academic and administrative autonomy.
The government will run 10 of these and they will receive special funding.
The selection shall be made through challenge method mode by the Empowered Expert Committee constituted for the purpose.
Only higher education institutions currently placed in the top 500 of global rankings or top 50 of the National Institutional Ranking Framework (NIRF) are eligible to apply for the eminence tag.

The private Institutions of Eminence can also come up as greenfield ventures provided the sponsoring organisation submits a convincing perspective plan for 15 years.