Saturday, November 3, 2007

WORLD BANK LOAN $944 MILLION FOR 3 RURAL PROJECTS - INDIA NEWS

WORLD BANK LOAN $944 MILLION FOR 3 RURAL PROJECTS - INDIA NEWS

The World Bank signed three loan agreements for India tatalling to $944 million. The loan is towards the strengthening of rural finance system, Vocational training programmes and community based water management projects.

Of this total $944 million, $600 million will go towards the boosting orIndian rural cooperative credit projects, $280 million will be towards supporting 400 ITI's over four years in India and the remaining $64 million will be towards the water tank management projects in Karnataka, India.

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