Q. Which of the following statement about National Industrial Corridor Development Programme (NICDP) is/are correct?
1. Government of India has signed a $250 million loan to support the NICDP with World Bank.
2. National Industrial Corridor Development and Implementation Trust (NICDIT) is the implementing agency.
Select the correct answer using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A
Notes:

Explanation: National Industrial Corridor Development Programme (NICDP):

It is India’s most ambitious infrastructure programme aiming to develop new industrial cities as ‘Smart Cities’ and converge next-generation technologies across infrastructure sectors.

Its objective is to

(a) expand the industrial output;

(b) increase employment opportunities;

(c) provide better living and social facilities for the new and growing workforce.

NICDC is developing 11 Industrial corridors comprising 32 projects in 4 Phases. The Asian Development Bank (ADB) and the Government of India have signed a $250 million loan to support the NICDP. National Industrial Corridor Development and Implementation Trust (NICDIT) is the implementing agency.

Source: EPIC July 2022