With reference to the Shipbuilding Development Scheme (SbDS), consider the following statements: 1. The Scheme provides financial assistance to Indian shipyards for shipbuilding contracts secured against international competition. 2. The Scheme is implemented by the Ministry of Ports, Shipping and Waterways. Which of the statements given above is/are correct? |ForumIAS

Q. With reference to the Shipbuilding Development Scheme (SbDS), consider the following statements:
1.The Scheme provides financial assistance to Indian shipyards for shipbuilding contracts secured against international competition.
2.The Scheme is implemented by the Ministry of Ports, Shipping and Waterways.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Explanation: Both 1 and 2

Statement 1 is correct: The SbDS provides financial assistance/subsidy to Indian shipyards for shipbuilding contracts, helping them compete with foreign shipbuilders.

Statement 2 is correct: The Scheme is administered by the Ministry of Ports, Shipping and Waterways.

Source: PIB

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS