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World Bank approves $147 Million Loan to the Government of Jharkhand

Last Updated: June 25, 2019

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World Bank approves $147 Million Loan to the Government of Jharkhand

World Bank approves $147 Million Loan to the Government of Jharkhand

25 June 2019 Current Affairs: The World Bank approved a $147 million loan agreement to provide basic urban services to the people of Jharkhand.
Their aim is to improve the management capacity of the urban local bodies (ULBs) in the state. 
They focus on improving the municipal sector's capacity to provide basic urban services.
They invest in urban services such as water supply, sewerage, drainage, and urban roads.
Their main aim is to strengthen the capacity of the Jharkhand Urban Infrastructure Development Company (JUIDCO).
Government of India urbanization and economic growth are interlinked and a comprehensive road map for municipal reforms through the AMRUT scheme.
Jharkhand Municipal Reform Programme to strengthen and improve urban services in a fast urbanizing state and will provide an impetus to economic growth. 
The components open to all 43 ULBs in the state to participate within an agreed framework under the project. 
 
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