World bank to provide $125 million loan to West Bengal

Tags: Economy/Finance

The Government of India, the Government of West Bengal, and the World Bank signed a $125 million loan to support efforts to help poor and vulnerable groups access social protection services in the state of West Bengal on 10 March 2022.

• The West Bengal Building State Capability for Inclusive Social Protection Project will provide social assistance, care services, and jobs support  to the poor, especially the   vulnerable groups such as women, tribal and scheduled caste households, and the elderly, as well as households in the state’s disaster-prone coastal regions.

• The loan will be provided by the World Bank’s subsidiary, International Bank for Reconstruction and Development (IBRD) 

Important Full Form Exam 

IBRD: International Bank for Reconstruction and Development