India inks $120 million loan agreement with World Bank to fund improved water supply in Uttarakhand
Posted on:24 Jan 2018 09:59:43
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24 January 2018 Current Affairs: India signed $120 million loan agreement with multilateral lending agency World Bank to help increase access to improved water supply services in in peri-urban areas in Uttarakhand.
The agreement was signed between Government of India, Government of Uttarakhand and World Bank Board.
The loan amount will be used for Uttarakhand Water Supply Program for Peri-Urban Areas to help the state to increase water supply coverage as well as ensure sustainable water supply service delivery in peri-urban areas.
The program will develop and implement service-oriented and efficient water supply for peri-urban areas, strengthen current monitoring and evaluation systems.
It will also provide dedicated incentives for preparation and adoption of of water supply ‘master-plans’ in peri-urban areas.
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