Current Affairs · Government Schemes
The MERIT Scheme (Multi-disciplinary Education and Research Improvement in Technical Education) has a total outlay of Rs 4,200 crore. Which of the following statements accurately reflects its funding and duration?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The entire outlay is borne by the Central Government, and the duration is Financial Year 2025-26 to 2027-28.
- 2The World Bank will provide Rs 2,100 crore as a loan, and the duration is Financial Year 2025-26 to 2029-30.✓
- 3The World Bank will provide Rs 3,000 crore as a loan, and the scheme focuses on school education improvement.
- 4The total outlay is Rs 1,900 crore, entirely funded by the Central Government over five years.
Correct answer
The World Bank will provide Rs 2,100 crore as a loan, and the duration is Financial Year 2025-26 to 2029-30.
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