Home Business World Bank approves 4 Projects in India Worth 800 mn dollars

World Bank approves 4 Projects in India Worth 800 mn dollars

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The World Bank’s Board of Executive Directors approved four Indian projects worth more than $ 800 million on Wednesday.

The projects support a variety of development initiatives: strengthening India’s social protection architecture, promoting nutrition support agriculture for tribal households in Chhattisgarh, enhancing quality education in Nagaland, and enhancing the safety and performance of existing dams in various states of India.

“All four projects will support India’s efforts to rebuild better by creating a sustainable and resilient economy. Development work today has an additional responsibility: to help poor and vulnerable families roll back the adverse impact that the pandemic has had on their lives, ”said Junaid Ahmad, World Bank Country Director for India.

“These projects will help many of these families access better income opportunities, education, water supply and benefit from the government’s expanded social protection schemes,” he added.

Among the four projects approved is the $ 100 million Chhattisgarh Inclusive Rural and Accelerated Agricultural Growth Project (CHIRAAG) that will develop sustainable production systems that will allow tribal households in remote areas of the state to practice year-round production of diversified and nutritious food.

The second project is the $ 68 million Instruction and Classroom Resource Improvement Project in Nagaland. The World Bank is also funding projects aimed at accelerating India’s Covid-19 social protection response and the Dam Upgrading and Rehabilitation Project.

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