Which of the following are the benefits available to states with special category status The Centre ...........

Rajasthan Polity and Governance

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Which of the following are the benefits available to states with special category status?

The Centre pays 90% of the funds required in a centrally-sponsored scheme to special category status states as against 60% or 75% in case of other states, while the remaining funds are provided by the state governments.
Unspent money does not lapse and is carried forward.
Significant concessions are provided to these states in excise and customs duties, income tax and corporate tax.

1 and 2 only

2 and 3 only

1,2 and 3

1 and 3 only

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Explanation:

Special category status is a classification given by the Centre to assist development of states that face geographical and socio-economic disadvantages.

It was based on the Gadgil formula.

This classification was done on the recommendations of the Fifth Finance Commission in 1969.

Special category status was first accorded in 1969 to Jammu and Kashmir, Assam and Nagaland.

Benefits:

The Centre pays 90% of the funds required in a centrally-sponsored scheme to special category status states as against 60% or 75% in case of other states, while the remaining funds are provided by the state governments.

Unspent money does not lapse and is carried forward.

Significant concessions are provided to these states in excise and customs duties, income tax and corporate tax.