The World Bank providing loan to this state of India..!? Jackpot..!

Sowmiya Sriram
The World bank providing loan to this state of India..!? Jackpot..!

We have seen that the World bank is giving loans to various countries and states in some countries. In this way, the World bank has given a loan of 150 million US dollars to the state of punjab in India. It is noteworthy that this loan from the World bank has been received when the aam aadmi party government came to power in the state of punjab a few months ago. The World bank Board of Directors has approved a US$ 150 million loan to the indian state of Punjab. Through this loan, punjab government plans to better manage its financial resources and improve public services.
To a statement released by the international Finance Corporation, the loan will help strengthen the capacities of various government departments in the state of punjab, manage financial risks and establish sustainable development. As the state of punjab is currently facing severe financial challenges, this loan from the World bank will meet the economic deficit of the state and the development of the state said the report.
The World bank is happy to be a partner of punjab in the state's efforts to provide good quality public services, and this loan has come at the right time, said Auguste Dano of the World Bank.
The punjab government has announced that it is planning to provide 24x7 water supply in selected areas of amritsar and ludhiana cities in punjab, and steps will be taken to improve water supply systems and reduce water leakage in major areas of the state with World bank loans.
He said that it is working well in management and with the help of the World bank, the efficiency will improve further.
For more interesting updates click and follow Indiaherald WhatsApp channel

Find Out More:

world bank loan

Related Articles: