Question: Recently, the Government of India for which project signed a loan agreement with the World Bank?
(a) Mumbai-Ahmedabad bullet train project
(b) Neeranchal National Watershed Project
(c) Sagar Mala Project
(d) Diamond Quadrilateral project
Ans (b)
Related facts:
- On 14 January 2016, Government of India signed a loan agreement with World Bank for the Neeranchal National Watershed Project.
- The Neeranchal project was approved by the Cabinet Committee on Economic Affairs (CCEA) on 7 October 2015 last year.
- This project has total budget outlay of Rs.2142 crore.
- The Government has share of Rs.1071 crore and the rest 50% by the World Bank.
- The project to be implemented by the Ministry of Rural Development over a six-year period (2016-21).
- This project will support the Pradhan Mantri Krishi Sinchayi Yojana in hydrology and water management, agricultural production systems, capacity building and monitoring and evaluation.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=134475
http://www.worldbank.org/projects/P132739/neeranchal-national-watershed-project?lang=en