With reference to the National Scheme for Upgradation of Industrial Training Institutes (ITIs), consider the following statements: 1. The scheme will be implemented as a Centrally Sponsored Scheme with part funding from both the Asian Development Bank and the World Bank. 2. It aims to upgrade 1,000 Government ITIs and establish five National Centres of Excellence for Skilling within private industrial training institutes. Which of the statements given above is/are correct? |ForumIAS

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation:

Statement 1 is correct. The scheme is a Centrally Sponsored Scheme with 50% of the central share co-financed equally by ADB and the World Bank.
Statement 2 is incorrect. The five National Centres of Excellence will be established within National Skill Training Institutes (NSTIs), not private ITIs.

Source– PIB