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Which global financial institution is set to grant $450 million loan to India for Atal Bhujal Yojana (ABHY)?
A)
World Bank
B)
New Development Bank
C)
Asian Development Bank
D)
Asian Infrastructure Investment Bank

Correct Answer : Option (A) - World Bank


The Indian government and the World Bank recently signed a USD 450 million loan agreement to support the national programme Atal Bhujal Yojana (ABHY).
The National programme was launched with an objective of arresting the groundwater depletion and strengthening groundwater institutions. The World Bank-supported programme will be implemented in the states of Gujarat, Maharashtra, Haryana, Karnataka, Rajasthan, Madhya Pradesh, and Uttar Pradesh and cover 78 districts.

Published On : July 16, 2021
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