The Government of India, the state government of Maharashtra and the World Bank signed a loan agreement of USD210 million for the Agri-business and Rural Transformation Project in Maharashtra. The fund will help small and marginal farmers to increase their market access and assist them to participate in the value chains. The farmers are encouraged ..
International Bank for Reconstruction and Development: GK, Current Affairs, Questions, Trivia and News
David Malpass, a top US Treasury official in Trump administration, was unanimously selected as the new President of the World Bank for a period of five-years. The World Bank President is Chair of Boards of Directors of the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA). The President is also ex ..
On 4th March 2019, the World Bank (WB) and the Government of India (GoI) has signed a $250 million loan agreement for the National Rural Economic Transformation Project (NRETP) to boost Rural Incomes across 13 States in India. The loan will help women in rural households develop viable enterprises for farm and non-farm products. The ..
On 15th February, the Government of India (GoI), Government of Himachal Pradesh (GoHP) and the World Bank signed a $40 Million Loan Agreement to help bring clean and reliable drinking water to the citizens of the Greater Shimla area, who have been facing severe water shortages and water-borne epidemics over the last few years. The ..
The Government of India (GoI) and the World Bank signed a $220 million Loan Agreement and a $80 million Guarantee Agreement for the India Energy Efficiency Scale-Up Program. The program will be implemented by the Energy Efficiency Services Limited (EESL). It will help scale-up the deployment of energy saving measures in residential and public sectors. ..
The Government of India (GoI) has entered into a legal agreement with the World Bank for a flexible financing arrangement to accelerate research towards early development for biopharmaceuticals. A Statement issued by the government said the mission has been approved at a cost of 250 million dollars for five years with 50 per cent funding ..
The Ministry of Finance has signed a loan agreement for IBRD credit of $125 million (equivalent) with the World Bank for the ‘Innovate in India for Inclusiveness Project in New Delhi on April 24, 2018. The purpose of the project are to nurture indigenous innovation, foster local product development and accelerate the commercialisation process by ..
India signs $200 million of Loan Agreement with World Bank (WB) for Assam Agribusiness and Rural Transformation Project
The Government of India (GoI) and the World Bank (WB) has signed a $200 million Loan Agreement for the Assam Agribusiness and Rural Transformation Project. The Project will support the Government of Assam to facilitate agri-business investments, increase agriculture productivity and market access, and enable small farm holders produce crops that are resilient to recurrent ..