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Explained | How Development Projects Worth $800 Mn Approved By The World Bank Will Benefit India December 19, 2020 / 12:35 PM IST
Indian government and World Bank have signed four projects worth $800 million to support development initiatives in the country. The projects include Chhattisgarh Inclusive Rural and Accelerated Agriculture Growth Project (CHIRAAG); Nagaland: Enhancing Classroom Teaching and Resources Project; Second Dam Improvement and Rehabilitation Project (DRIP-2) and Second Accelerating India s COVID-19 Social Protection Response Programme.Watch the video to know how will these projects benefit India. Moneycontrol News
Highlights
$400 million credit is from International Development Association.
IDA is the World Bank’s concessionary lending arm.
New Delhi: Indian government and the World Bank today signed a $400 million project to support India’s efforts at providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic. This is the second operation in a programmatic series of two. The first operation of $750 million was approved in May 2020.
The programme will strengthen the capability of state and national governments in India to provide coordinated and adequate social protection to the poor and vulnerable from the shocks triggered by the COVID-19 pandemic.
World Bank approves four India projects worth over $800 million aimed at improving education, dam safety The projects will also look at strengthening India s social protection architecture and promoting nutrition-supportive agriculture for tribals in Chhattisgarh
New Delhi: The World Bank on Wednesday approved four India projects worth over US $800 million to support development initiatives.
The projects that have been approved are: Chhattisgarh Inclusive Rural and Accelerated Agriculture Growth Project (CHIRAAG); Nagaland: Enhancing Classroom Teaching and Resources Project; and Second Dam Improvement and Rehabilitation Project (DRIP-2). The projects support a range of development initiatives – strengthening India s social protection architecture, promoting nutrition-supportive agriculture for tribal households in Chhattisgarh, enhancing quality education in Nagaland and improving the safety and performance of existing dams across vario
World Bank approves 4 India projects worth $800 million to support development initiatives
World Bank India Country Director Junaid Ahmad said the four projects will support India s efforts to build back better by creating a sustainable and resilient economy. PTI
World Bank HQ in New York (Source: Flickr - Shiny Things)
The World Bank on Wednesday approved four India projects worth over $800 million to support development initiatives. The projects that have been approved are: Chhattisgarh Inclusive Rural and Accelerated Agriculture Growth Project (CHIRAAG); Nagaland: Enhancing Classroom Teaching and Resources Project; and Second Dam Improvement and Rehabilitation Project (DRIP-2). The projects support a range of development initiatives strengthening India s social protection architecture, promoting nutrition-supportive agriculture for tribal households in Chhattisgarh, enhancing quality education in Nagaland and improving the safety