The Government of India and the World Bank signed a $318 million loan agreement for farmers of this state.

Gujarat

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Punjab

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Tamil Nadu

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Orissa

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None of the above

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Solution

The correct option is C Tamil Nadu
The Government of India and the World Bank signed a $318 m i l l i o n l o a n a g r e e m e n t f o r t h e T a m i l N a d u I r r i g a t e d A g r i c u l t u r e M o d e r n i z a t i o n P r o j e c t t o p r o m o t e c l i m a t e r e s i l i e n t a g r i c u l t u r e t e c h n o l o g i e s t o i m p r o v e w a t e r m a n a g e m e n t p r a c t i c e s a n d i n c r e a s e m a r k e t o p p o r t u n i t i e s f o r s m a l l a n d m a r g i n a l f a r m e r s . A b o u t 500, 000 f a r m e r s, o f w h i c h a m a j o r i t y i s s m a l l a n d m a r g i n a l, a r e e x p e c t e d t o b e n e f i t f r o m i m p r o v e d a n d m o d e r n i z e d t a n k i r r i g a t i o n s y s t e m s . T h e$ 318 million loan from the IBRD has a 5-year grace period and a maturity of 19 years.

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For which of the following project, a Financing Agreement for IBRD loan of USD 250 million (equivalent) was signed with the World Bank?

India has signed how much amount of loan agreement with World Bank for the Tamil Nadu Irrigated Agriculture Modernization Project ?

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