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.
CBI registers case in fake TRP scam Wed, Oct 21 2020
Educated youth must avail JKEDI's Startups scheme: Director Tue, Oct 20 2020
Nitin Gadkari, Sarbananda Sonowal lay foundation stone of Multi Model Logistics Park in Assam’s Jogighopa Tue, Oct 20 2020
Senior Congress leader Gurupada Nanda passes away Tue, Oct 20 2020
Yogi Adityanath invokes Lord Rama in Bihar Assembly Elections Tue, Oct 20 2020
PM Modi warns against dropping COVID-19 guard during festive season Tue, Oct 20 2020
Narendra Modi starts addressing nation Tue, Oct 20 2020
Kolkata Police uncover over Rs 1.62 cr in cash from a house Tue, Oct 20 2020
I am completely fit and fine, says BJP leader Dilip Ghosh after coming out of hospital Tue, Oct 20 2020
More scribes die of Covid-19, JFA expresses anguish Tue, Oct 20 2020