Regarding the Member of Parliament Local Area Development Scheme (MPLADS), which of the following statements is correct?

Explanation

Under the MPLADS guidelines, the District Authority must inspect at least 10% of the works under implementation every year. MPLADS funds are non-lapsable, meaning unspent funds in a particular year can be carried forward to subsequent years. The funds must be utilized to create durable community assets (like education, drinking water, and sanitation infrastructure). Furthermore, MPs must recommend works costing at least 15% of their MPLADS allocation for areas inhabited by SC population and 7.5% for areas inhabited by ST population.