Question

India had signed how much amount of loan agreement with World Bank (WB) to improve access to water supply in Uttarakhand? [Jan 2018]

• A. $\$220$ million
• B. $\$120$ million
• C. $\$320$ million
• D. $\$420$ million

Answer 1

Answer: (B)

$\$120$ million

The Government of India (GoI) had signed $\$120$ million loan agreement with World Bank (WB) that will help increase access to improved water supply services in peri-urban areas in Uttarakhand. The Uttarakhand Water Supply Program for Peri-Urban Areas will develop and implement a service-oriented and efficient water supply policy for peri-urban areas, strengthen the current monitoring and evaluation systems, and provide dedicated incentives for preparation and adoption of water supply master-plans in peri-urban areas. The program will focus on increasing coverage, quality and reliability of water supply services in all peri-urban areas of the state. The loan agreement has a grace period of 5-years and a maturity of 17 years.