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How many million loan extended by World Bank for salt project in Andhra Pradesh?
$200 million
$250 million
$300 million
$400 million

Correct Answer : Option (B) - $250 million

B. Rajasekhar has said that the World Bank (WB) has extended an unconditional loan of $250 million to the Supporting Andhra’s Learning Transformation (SALT) project in appreciation of the path-breaking reforms implemented by the State government. 
The SALT is the first project in the school education sector to be funded by the World Bank without any precondition. 
Mr. Rajasekhar dismissed the media reports that the World Bank had imposed certain curbs to extend the financial assistance, as baseless.
He said a sum of approximately ₹53,000 crore had been spent on school education in the last three years and a major chunk of it (₹22,617 crore) had gone to Amma Vodi and the first phase of the Nadu-Nedu scheme. 
The number of children studying in government schools in 2022-23 academic year was 40,31,239. The total number of children in government, private and aided schools was less by 86,119 when compared to last year. .

Source : The Hindu

Published On : October 13, 2022
Category : Banking