Rediff Logo
 Money
Line
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Wedding | Women
Partner Channels: Bill Pay | Health | IT Education | Jobs | Technology | Travel
Line
Home > Money > Business Headlines > Report
June 22, 2001 		Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      

 
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page

$ 913.8 mn World Bank loan for India

T V Parasuram in Washington

The World Bank announced four new loans and International Development Association credits for India totalling US $913.8 million on Friday.

This takes India's current fiscal lending to US $2.5 billion.

A bank release said the loans would help India's poverty reduction projects. "These projects support government strategy for equitable access to basic services", said Edwin Lim, Country Director for India.

Reflecting the government's policy to support economic reforms at the state level, two of the loans and credits approved were for reform and poverty reduction programmes of Karnataka.

The Karnataka Watershed Development Project to provide improved services to poor communities in semi-arid regions gets US $100.4 million, while Karnataka Economic Restructuring Project has been provided US $150 million.

PTI

Money

Business News

Tell us what you think of this report