North East : Tri party agreement between Assam, NABARD and Assam Infrastructure Financing Authority

Question : Assam, NABARD and Assam Infrastructure Financing Authority has recently(August 2021) inked a MoU to boost infra projects. Accordingly, which of the following statement is correct ?
Statements —

1. MoU involves Rs.13200 crore will essentially be used for NIDA & RIAS
2. NIDA stands for – NABARD Infrastructure Development Authority
3. RIAS stands for – Rural Incentive Assistance to State Government
   Options —
   A Only 1.
   B Only 2.
   C Only 3.
   D All of the above
   Ans. A
   Related facts —

• Assam, NABARD and Assam Infrastructure Financing Authority has recently(August 2021) inked a MoU to boost infra projects.

Key points —

1. MoU involves Rs.13200 crore will essentially be used for NIDA & RIAS
2. NIDA stands for – NABARD Infrastructure Development Assistance
3. RIAS stands for – Rural Infrastructure Assistance to State Government
4. MoU would launch a series of capital-intensive projects to bring about paradigm shift in the development narrative of the state

By — Pankaj Pandey.

Link:
https://economictimes.indiatimes.com/news/india/assam-nabard-and-assam-infrastructure-financing-authority-inks-mou-to-boost-infra-projects/articleshow/85050344.cms