Which statements regarding the Dam Rehabilitation and Improvement Project (DRIP) are correct?

1. One of its aims is to generate incidental revenue for sustainable operation and maintenance of dams.

2. This project is being funded by the World Bank as well as the Asian Infrastructure Investment Bank (AIIB).

Choose the correct option:

Solution

The project was launched in 2012 by the Central Water Commission (CWC) with the financial aid of the World Bank In 2021, only 4 states were a part of this project: Madhya Pradesh, Orissa, Kerala, and Tamil Nadu Moving forward, 3 more states/organisations joined this rehabilitation program: Karnataka, Uttaranchal Jal Vidyut Nigam Limited, and Damodar Valley Corporation. The project was initially launched with a duration of 6 years but was later expanded further for another 2 years, till June 2020