Q. How much loan amount has been sanctioned by the World Bank (WB) for Gram Panchayats (GPs) development in West Bengal?
Answer: $210 million
Notes: The World Bank (WB) has recently sanctioned a $210 million loan for the West Bengal to strengthen the state's Gram Panchayats (GPs), the lowest tier of rural local governments. The loan will be used to strengthen local communities’ participation in the planning, budgeting and financial eanagement of projects undertaken in rural areas, where most of the poor in the state reside. The loan has a grace period of eight years and a maturity of 15 years.
This question is part of Current Affairs Daily 20 MCQ Series Course on GKToday Android app.
