World Bank Commits $100 Million To Boost Tamil Nadu's Rural Economy

Posted on:02 Feb 2018 09:13:51
World Bank Commits $100 Million To Boost Tamil Nadu's Rural Economy
02 February 2018 Current Affairs: The union government and World Bank signed a $100 million (about Rs 6,400 crore) loan agreement to promote rural economy in selected blocks of Tamil Nadu across 26 districts, benefiting over 4 lakh people.

The funding aimed at promoting rural enterprises, facilitate their access to finance and create employment opportunities for youth particularly women.

The Tamil Nadu Rural Transformation Project will create an enabling environment for producer organizations and enterprises to promote businesses across select value chains.
The union government and World Bank signed a $100 million (about Rs 6,400 crore) loan agreement to promote rural economy in selected blocks of Tamil Nadu across 26 districts, benefiting over 4 lakh people.

The funding aimed at promoting rural enterprises, facilitate their access to finance and create employment opportunities for youth particularly women.

The Tamil Nadu Rural Transformation Project will create an enabling environment for producer organizations and enterprises to promote businesses across select value chains.

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