India inks $35 million loan agreement with WB for MP project

India has signed loan agreement of 35 million dollars with the World Bank for Madhya Pradesh citizen access to responsive services project.

The loan has been sanctioned by the World Bank’s concessionary lending arm International Development Association (IDA).

Key Points

The project size is 50 million dollars, of which 35 million dollar will be financed by the World Bank and the remaining amount will be funded out of State Budget.

The objective of the project is to improve access and quality of public services in the state through implementation of the Public Service Delivery Guarantee Act, 2010.

It is expected to deliver key results in terms of improving access to services and citizen outreach, performance management, simplification of government services and strengthening the capacity of implementing agencies. The duration of the project is 5 years.

Current Affairs 17th March, 2016
Highlights of Union Budget 2016-17
Highlights of Railway Budget 2016