India has signed how much amount of $2$ nd Loan agreement with New Development Bank (NDB) for Rajasthan Water Project? [Feb 2018]

$ 200

million

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$ 100

million

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$ 115

million

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$ 185

million

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Solution

The correct option is A $$ 100$ million
India has signed the second loan agreement of $100 m i l l i o n w i t h N e w D e v e l o p m e n t B a n k (N D B) f o r R a j a s t h a n W a t e r S e c t o r R e s t r u c t u r i n g P r o j e c t f o r D e s e r t A r e a s o n 13 t h F e b r u a r y 2018 a t N e w D e l h i . T h i s i s t h e f i r s t t r a n c h e l o a n a p p r o v e d b y t h e N D B u n d e r t h e M u l t i T r a n c h e F i n a n c i n g F a c i l i t y o f$ 345 Million for this project. The project implementation period is six years. Rajasthan government will implement the project primarily through its Water Resources Department. The purpose of this project is to rehabilitate the 678 kilometre long Indira Gandhi Canal system built during 1958 to 1963 to prevent seepage, conserve water, and enhance water use efficiency as mandated by both national and state level policies on water use.

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