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

The Government of India has signed a loan agreement 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).
  • 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.
  •  The duration of the project is 5 years.

Did You Know?

  • Madhya Pradesh is situated in the central region of India and that’s why it is called the Heartland State.
  • It has the largest reserves of diamond and copper in India as Madhya Pradesh is rich in mineral resources.
  • The total land area of Madhya Pradesh is 308,252 sq. km. Madhya Pradesh holds 2nd rank in area wise.
  • Madhya Pradesh came into being on 1 November 1956. It was reorganised on 1 November 2000 to create a new Chhattisgarh state.
  • Chief Minister – Sivaraj Singh Chouhan
  • Governor – Ram Naresh Yadav