UPSC Economics Government Schemes Question Bank Government Welfare Schemes And Programmes

  • question_answer
          The objective of which company is to identify port led development projects under Sagarmala?

    A) Sagarmala Port Trust Authority

    B) Jawaharlal Nehru Port Trust Authority

    C) Sagarmala Development Company

    D) None of the above

    Correct Answer: C

    Solution :

    Sagarmala Development authority. The Ministry of Shipping and Road Transport & Highways Shri. Nitin Gadkari said projects worth INR 1 lakh crore under Sagarmala programme at various stages of implementation and development will now be overseen by the Sagarmala Development Company. Main objective of the company is identification of port led development projects under the Sagarmala programme and provides equity support for the SPVs set up by Ports/State/Central Ministries and funding window or implement only those residual projects which cannot be funded by any other means/mode.

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