World Bank commits $31.58 mn loan for Uttarakhand Public Financial Management Strengthening Project

It has a grace period of 5 years
Vamsi Athreya

Last Updated: Jun 27,2019 11:13 IST

World Bank commits $31.58 mn loan for Uttarakhand Public Financial Management Strengthening Project

World Bank commits $31.58 mn loan for Uttarakhand Public Financial Management Strengthening Project

27 June 2019 Current Affairs: Government of India, the State Government of Uttarakhand and the World Bank signed a loan Agreement of $31.58 million (about Rs 221 crore) for Uttarakhand Public Financial Management Strengthening Project. 
It improves the State's ability to manage its Financial Systems and there is better Utilization of Development Resources.
The loan agreement was signed by Sameer Kumar Khahe and Savin Bhasale on behalf of the Govt of Uttarakhand.
The main aim of the project is to benefit the citizens of Uttarakhand in public finances.
This loan from the International Bank for Reconstruction and Development (IBRD)

About Uttarakhand 
Capital: Dehradun 
Chief Minister: Trivendra Singh Rawat 
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