Rajasthan gets $162 Million from World Bank

World Bank (WB) approved a 162.7 million dollars loan to Rajasthan to help improve livelihood opportunities in 17 districts of the state. The funding for the Rajasthan Rural Livelihoods Project will help improve economic opportunities for rural communities, especially women and marginal groups, in 9000 villages of the state. WB approved a 162.7 million dollars loan to Rajasthan to help improve livelihood opportunities in 17 districts of the state. The funding for the Rajasthan Rural Livelihoods Project will help improve economic opportunities for rural communities, especially women and marginal groups, in 9000 villages of the state.
The credit is provided by the World Bank's fund for the poorest, the International Development Association (IDA), and has 35 years of maturity and a 10-year grace period, it said. Besides, the multi-lateral funding agency has also approved $7.98 million additional finance for an ongoing watershed development project in Uttarakhand that will help rural communities increase agriculture productivity as well as rural incomes through a decentralised watershed management approach.