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Which government has received a loan of $150 million (approx Rs 1,200 crore) from the World Bank to help the state better manage its financial resources and improve access to public services?
A)
Bihar
B)
Punjab
C)
Gujarat
D)
Maharashtra

Correct Answer :   Punjab


The funds-starved coffers of Punjab government has got a loan of $150 million (approximately Rs 1,200 crore) from the World Bank to help the state better manage its financial resources and improve access to public services.
 
The World Bank, in a statement said it would support Punjab’s efforts to strengthen the institutional capabilities of various government departments, manage fiscal risks and make informed policy choices to support sustainable growth.
 
Punjab at present has a debt of Rs 2.63 lakh crore
 
The state, which was receiving a large chunk of its earnings as GST compensation from the Centre, is set to lose around Rs 16,000 crore annually after the Centre ended its GST remuneration scheme for the states in June 2022. 
 
The state at present is grappling with a challenge to keep itself afloat with the new government splurging on freebies to keep its pre-poll promises.
 
Punjab government will launch new projects with World Bank's assistance to attain its development goals..
 

Published On : September 21, 2022
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