World Bank has approved new programme of $452 million loan to support Assam to improve connectivity for over 1.8 million people living in rural areas.

Banking & Finance

World Bank has approved new programme of $452 million loan to support Assam to improve connectivity for over 1.8 million people living in rural areas. USD 452 million Assam Resilient Rural Bridges Program is aimed at strengthening the resilience and management of roads and bridges to help people living in 1,739 villages gain round-the-year access to wholesale markets, schools, hospitals, and places of work. The $452 million Programme loan from the International Bank of Reconstruction and Development (IBRD) will use the financing instruments of Program-for-Results and Investment Project Financing to link disbursement of funds directly to the achievement of results while providing technical assistance. The Program will also connect almost 633,000 women-led textile and handicraft producers living within 2 km of roads or collection points. The World Bank loan has a maturity of 19 years with a grace period of 4.5 years.


     

     

     

 

     


International Bank for Reconstruction and Development (IBRD)

Parent organization- World Bank
Founded- 1944
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