App Logo

No.1 PSC Learning App

1M+ Downloads

What is the funding ratio between the Government of India and the states for the Indira Awas Yojana (IAY)?

  1. The Government of India and the states share the costs of the IAY in a 50:50 ratio.
  2. The funding for the IAY is entirely borne by the state governments.
  3. The IAY is funded on a cost-sharing basis between the Government of India and the states in the ratio of 75:25.

    A1, 3

    B1 only

    C3 only

    DNone of these

    Answer:

    C. 3 only

    Read Explanation:

    • The Indira Awas Yojana (IAY) operated as a centrally sponsored scheme, meaning that the financial burden was shared between the central government and the state governments.

    • The agreed-upon ratio for this cost-sharing was 75% funded by the Government of India and 25% funded by the respective state governments.

    • This model ensured that the central government provided significant financial support while states also contributed to the implementation and success of the program.


    Related Questions:

    What is a key challenge for Kerala's agricultural sector today?

    Which of the following statements about the phases of economic development in Kerala are correct?

    1. The economic development of Kerala over the last sixty years is classified into three distinct phases.
    2. The first phase of Kerala's economic development is identified as the period between 1976 and 1991.
    3. The third phase of Kerala's economic development began after 1991.
    4. The period from 1956 to 1975 constitutes the initial phase of economic development in Kerala.
      Which of the following Kerala government initiatives is a prime example of leveraging digital technology for financial inclusion?

      Which of the following statements accurately describe the pilot programme phase of 'Pouradwani'?

      1. The pilot programme involved a 7-day camp conducted in specific districts.
      2. Thiruvananthapuram, Palakkad, and Wayanad were among the districts where the pilot camps were organized.
      3. The pilot programme was implemented in all 14 districts of Kerala simultaneously.
        The Kerala Infrastructure Investment Fund Board (KIIFB) was established with the primary purpose of: