Q. With reference to Special Assistance to States for Capital Investment (SASCI) scheme, consider the following statements:
1.The scheme provides financial assistance to state governments in the form of grants.
2.It aims to stimulate demand, create jobs, and have a multiplier effect on the economy by accelerating projects in key sectors.
Which of the statement(s) given above is/are correct?
Answer: B
Notes:
Explanations –
Statement 1 is incorrect. The SASCI scheme provides financial assistance to state governments in the form of a 50-year interest-free loan.
Statement 2 is correct. The scheme is designed to stimulate economic growth by accelerating capital investment projects, which in turn are expected to create jobs and have a multiplier effect on the economy. The scheme also aims to develop iconic tourist centres in the country as well as branding and marketing them at a global scale.
Source: The Hindu
