Read the following passage carefully:
During the financial year 2024���25, the Ministry of Renewable Energy launched the Solar Micro-Grid Initiative to power rural households in remote hill districts. Under the explicit guidelines of this initiative, the Central Government provides a 60% direct capital subsidy for installation costs, while the respective State Governments contribute 30%. The remaining 10% must be borne by the beneficiary household or local village panchayat. The scheme applies exclusively to off-grid villages located at an altitude higher than 1,500 meters above sea level.
Based strictly on the explicit facts provided in the passage, which of the following statements is correct regarding the Solar Micro-Grid Initiative?
- Beneficiary households or local village panchayats are required to contribute 10% of the total installation costs.Answer
- BThe Central Government provides a 30% capital subsidy while the State Governments contribute 60%.
- CThe initiative covers all rural off-grid villages regardless of their geographical elevation.
- DThe project was launched primarily to reduce urban industrial pollution across major metropolitan cities.
Answer
The statement specifying that beneficiary households or local village panchayats must bear 10% of the installation costs is directly supported by the passage.
The passage explicitly mentions: 'The remaining 10% must be borne by the beneficiary household or local village panchayat.' Therefore, the statement matching this financial allocation is correct.
Step-by-Step Solution
Key Concept
Explicit and Fact-Based Information Extraction