April 25, 2024 14:42 (IST)
Follow us:
World Bank loan for Madhya Pradesh
New Delhi, Mar 17 (IBNS) India signed a loan agreement of USD 35 Million with the World Bank on Thursday, which will be used for the Madhya Pradesh Citizen Access to Responsive Services Project.
Raj Kumar, Joint Secretary (MI), Department of Economic Affairs, Ministry of Finance signed the document on behalf of the Government of India and Onno Ruhl, Country Director, World Bank (India) signed on behalf of the World Bank
The Implementing Entity Agreement was signed by M. Selvendran, ED (State Agency for Public Services), Department of Public Services management, MP on behalf of the Government of Madhya Pradesh, and Onno Ruhl, Country Director (India) on behalf of the World Bank.
The project size is USD 50 million, of which USD 35 million will be financed by the Bank, and the remaining amount will be funded out of the state budget. The project duration is 5 years.
According to the finance ministry, the objective of the project is to improve access and quality of public services in Madhya Pradesh through implementation of the 2010 Public Service Delivery Guarantee Act.
The project has been designed as a result-based financing programme, under which funds will be released on achievement of agreed results.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Massive landslide hits Arunachal Pradesh, a large section of Highway-33 washed away Thu, Apr 25 2024
Is private property included in material resources of a community? Here's Supreme Court's viewpoint Thu, Apr 25 2024
Bihar CM Nitish Kumar's party leader shot dead in Patna Thu, Apr 25 2024
Actress Tamannaah Bhatia summoned by Maharashtra cyber cell in 2023 illegal IPL streaming case Thu, Apr 25 2024
'Not one vote to BJP, CPIM or Congress': Mamata announces after 26,000 teachers lose jobs in Bengal Thu, Apr 25 2024
'Machine churning out lies': AAP after ED defends Arvind Kejriwal's arrest to court Thu, Apr 25 2024
Supreme Court says it cannot control elections on VVPAT case, reserves judgment for now Thu, Apr 25 2024
Kolkata's US Consulate hosts conclave to promote inclusion, equity, accessibility for LGBTQI+ community Thu, Apr 25 2024