Scheme of Assistance to National Sports FederationsWith reference to the Open cast mining consider t...........

Current GK ( Master) Sports

Scheme of Assistance to National Sports FederationsWith reference to the Open cast mining, consider the following statements:

1. It is a traditional ‘cone-shaped’ excavation done for surface mining of coal that does not deep shafts.

2. It is a surface mining technique of extracting rock or minerals from the earth from an open-air pit, sometimes known as a borrow.

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Solution:
The Union Government has approved continuation of Scheme of Assistance to National Sports Federations (NSFs) with an outlay of Rs. 1575 crore for XV Finance Commission Cycle (2021-22 to 2025-26).

The Scheme of Assistance to NSFs is the flagship Central Sector Scheme.
It is the main source of funding for preparation of national teams for all major national and international competitions, including the Olympic Games, Para-Olympics, Asian Games, Para Asian Games, Commonwealth Games (CWG) and other major international tournaments.
The outlay in the cycle will be extended to NSFs to train and field national teams for national and international competitions between 2022 and 2026, prime among them, the Commonwealth and Asian Games of 2022, Olympics and Paralympics 2024 and Asian and Commonwealth Games in 2026.The financial support extended by the Ministry of Youth Affairs and Sports through this Scheme will be used by NSFs to conduct national coaching camps, procure sports equipment and consumables, provide training of international standards to athletes etc.