Question

91. Which of the following International organization assisted Project Neeranchal for the Watershed Component of the Pradhan Mantri Krishi Sinchayi Yojana

• A. a) IMF
• B. b) AIIB
• C. c) World bank
• D. d) ADB

Answer 1

The correct option is C

c) World bank

Ans 91.C

Explanation: Watershed development is critical to India’s development as vast stretches of agricultural land are in rain fed regions, characterized by extensive land degradation, low rainfall, reduced agricultural productivity, and higher rates of poverty. The Project will be financed by a credit from the International Development Association (IDA) – the World Bank’s concessionary lending arm – which provides concessional loans with 25 years to maturity, including a grace period of 5 years