Read the following passage carefully:
Under the 2026 Rural Financial Inclusion and Digital Banking Mandate, regional rural banks (RRBs) operating in notified semi-urban and rural districts are required to deploy biometric-enabled micro-ATMs across all assigned village panchayats. The mandate specifies that any RRB achieving 100% biometric terminal deployment within 12 months becomes eligible for a 15% operational subsidy from the National Rural Development Fund. However, the policy stipulates that receipt of this subsidy is strictly contingent upon the RRB maintaining an annual transaction uptime of no less than 98% across its entire terminal network. Furthermore, while scheduled commercial banks (SCBs) are permitted to partner with third-party business correspondents to fulfill rural service quotas, RRBs are explicitly prohibited from outsourcing core biometric authentication operations to non-banking intermediaries. Consequently, an RRB that fails to achieve the 98% network uptime threshold, regardless of its terminal deployment percentage, forfeits its eligibility for the operational subsidy for that financial year.
Statement: A Regional Rural Bank that successfully deploys biometric micro-ATMs across 100% of its assigned village panchayats within 12 months by contracting core biometric authentication operations to a third-party technology vendor is eligible for the 15% operational subsidy provided its network uptime is 99%.
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