India signs loan agreement with World Bank for Assam Citizen Centric Service Delivery project

Jun 6, 2017 10:07 IST

India on 5 June 2017 signed a USD 39.2 million loan agreement with the World Bank for the Assam Citizen Centric Service Delivery project.

The loan will be provided by the International Bank for Reconstruction and Development (IBRD), an international financial institution under the World Bank that offers loans to middle-income developing countries.

CA eBook

The loan agreement was signed by Raj Kumar, Joint Secretary under Department of Economic Affairs, Ministry of Finance on behalf of India and Hisham Abdo, Manager Operations (India) on behalf of the World Bank.

The Implementing Entity Agreement was signed by the Additional Chief Secretary, Assam Government and the Country Director (India) on behalf of the World Bank.

Highlights of the project

• The total estimated cost of the Assam Citizen Centric Service Delivery project is USD 49 million, out of which USD 39.2 million will be financed by the World Bank. The remaining funds will be utilised from the Assam Budget.
• The objective of the project is to improve access in the delivery of selected public services in Assam.
• The Project seeks to enable citizens to access services under the Assam Right To Public Services Act, 2012 in a timely, efficient, and accountable manner.
• The Project adopts an integrated approach to improve access and accountability.
• The programme duration is of 5 years.

 

Is this article important for exams ? Yes1 Person Agreed
Read more Current Affairs on: India , World Bank , Assam Citizen Centric Service Delivery

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK