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Consider the following statements about 'SAARC Development Fund' (SDF) 1 It...

This question belongs to Political Science India's Foreign Policy
India's Foreign Policy
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Consider the following statements about 'SAARC Development Fund' (SDF).
1. It was created in 1996, as a first funding mechanism in SAARC by merging the SAARC Fund for Regional Projects (SFRP) and the SAARC Regional Fund.
2. It serves as the umbrella financial mechanism for all SAARC projects and programmes.
Which of the statement given above is/are correct?

Answer & Solution
Correct Answer: Option B
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