Loan agreement between India and the World Bank

India Signs Loan Agreement with World Bank

Question: A loan agreement between India and the World Bank has been signed in November, 2017 to improve the higher education system in which of the following state?
(a) Uttar Pradesh
(b) Madhya Pradesh
(c) Odisha
(d) Andhra Pradesh
Answer: (c)
Related Facts:

  • On November 7th, 2017, a loan agreement of $ 119 million between India and the World Bank was signed.
  • This amount will be spent on improving the state’s higher education system in Odisha.
  • This loan agreement has been signed for the “Odisha Higher Education Programme for Excellence & Equity (OHEPEE) Project”.
  • The Objective of the project is to improve the quality of ‘students’ equitable access to selected institutions and enhance governance of the higher education system in Odisha.

Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=173294
https://timesofindia.indiatimes.com/home/education/news/india-inks-119-million-loan-pact-with-world-bank-for-odishas-education-scheme/articleshow/61551344.cms