Q. With reference to the Institute of Eminence (IoE) scheme, consider the following statements:
1.It aims to provide 100% government funding to all selected institutions in India.
2.University Grants Commission (UGC) is responsible for granting the Institute of Eminence (IoE) status.
Which of the statement(s) given above is/are correct?
Answer: B
Notes:
Explanations –
Statement 1 is incorrect. The IoE scheme provides up to INR 1,000 crore in funding to public institutions over a period of five years, but private institutions do not receive any funding under this scheme.
Statement 2 is correct. The IoE scheme was set up under the University Grants Commission (UGC), which plays a key role in empowering higher educational institutions and granting the IoE status.
Source: The Hindu
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