Which of the following organisations is providing loan for implementation of Neeranchal National Watershed Project?
Which of the following organisations is providing loan for implementation of Neeranchal National Watershed Project?
[A]World Bank
[B]Asian Infrastructure Investment Bank
[C]BRICS Bank
[D]Asian Development Bank
World Bank
The Indian government has signed a loan agreement with World Bank for the Neeranchal National Watershed Project. The project will be implemented by the Ministry of Rural Development over a six-year period from 2016 to 2021. The Neeranchal project was approved by the cabinet with a total budget outlay of Rs.2142 crore with the Government share of Rs.1071 crore and the rest 50% by the World Bank.
