WB loan for AP project

By Our Special Correspondent

NEW DELHI, MAY 12.The World Bank has extended a $ 111-million international development assistance (IDA) loan to Andhra Pradesh for the district poverty initiative project in six poorest districts.

The project, to be implemented over five years, aims at improving opportunity for the rural poor by creation of self- managed grass roots institutions, building capacity of gram sabhas, panchayats and Government departments and improving education for girls.

A tripartite agreement was today signed by the World Bank Country Director, Mr. Edwin R Lim, the Finance Ministry Joint Secretary, Mr.R.S. Sharma, the Andhra Pradesh Principal Secretary, Mr.S. Ray, the Social Welfare Secretary, Mr. R.R. Acharya, and the Society for Elimination of Rural Poverty Chief Executive Officer, Mr.K. Raju

According to an official release, the IDA will provide $ 111- million (about Rs. 488 crores) for the $ 134.8 million project.

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Section  : National
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