Q3 · UPSC current affairs · 14 October 2026 · News · Scheme for Special Assistance to States for Capital Investment

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Consider the following statements about the Scheme for Special Assistance to States for Capital Investment:1.It provides 50-year interest-free loans to States for capital expenditure.2.The scheme is overseen by the Department of Expenditure under the Ministry of Rural Development.Which of the statements given above is/are correct?

A 1 only
B 2 only
C Neither 1 nor 2
D Both 1 and 2

Correct answer: (a) 1 only

Explanation

Statement 1 is correct because the scheme provides long-term 50-year interest-free loans to States for capital investment. Statement 2 is incorrect because the Department of Expenditure functions under the Ministry of Finance, not the Ministry of Rural Development.

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