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Difficulty: MediumExplicit and Fact-Based Information Extraction

Read the passage given below and answer the question that follows:

In September 2025, the Ministry of New and Renewable Energy (MNRE) notified the operational framework for the National Green Hydrogen Storage Infrastructure Scheme (NGHSIS). Under this framework, capital subsidies of up to 35% are provided exclusively to public sector undertakings for establishing underground salt cavern storage facilities. Private sector entities are ineligible for capital subsidies but may receive interest subvention on commercial loans and R&D grants, provided their proposed storage project capacity is at least 500 metric tonnes per annum. Additionally, all projects sanctioned under the scheme must submit bi-annual environmental audit reports conducted by an independent agency accredited by the Central Pollution Control Board (CPCB).

Which of the following statements are correct according to the passage?

  1. Public sector undertakings setting up underground salt cavern storage facilities are eligible for capital subsidies of up to 35%.Answer
  2. B
    Private sector entities with a proposed project capacity below 500 metric tonnes per annum can avail interest subvention on commercial loans.
  3. Projects sanctioned under the scheme are required to undergo bi-annual environmental audits by CPCB-accredited independent agencies.Answer
  4. D
    Private sector entities are completely barred from receiving any financial incentives under the National Green Hydrogen Storage Infrastructure Scheme.

Answer

The correct statements are the statement regarding capital subsidies of up to 35% for public sector undertakings establishing underground salt cavern storage facilities, and the statement requiring bi-annual environmental audits by CPCB-accredited independent agencies for sanctioned projects.
The passage explicitly outlines that public sector undertakings setting up underground salt cavern storage facilities are eligible for capital subsidies of up to 35%. It also explicitly mandates that all sanctioned projects undergo bi-annual environmental audits by independent agencies accredited by the Central Pollution Control Board (CPCB).

Step-by-Step Solution

1
Scan the passage for explicit details regarding public sector subsidy eligibility.
Found that public sector undertakings receive up to 35% capital subsidies for underground salt cavern storage facilities.
Verifies statement accuracy against text details.
2
Check the threshold condition for private sector interest subvention eligibility.
The text specifies a minimum project capacity of at least 500 metric tonnes per annum, making any claim of eligibility below this threshold incorrect.
Examines conditional scope limiters in explicit facts.
3
Verify environmental audit requirements and private entity incentive provisions.
Bi-annual audits by CPCB-accredited agencies are mandatory for all sanctioned projects, and private entities can access interest subvention and R&D grants.
Confirms explicit factual accuracy of remaining assertions.

Key Concept

Explicit and Fact-Based Information Extraction
Estimated Time:1m 30s
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Explicit and Fact-Based Information Extraction

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