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India signed a loan with World Bank for which project in Assam on June 5, 2017?
- a)Citizen Centric Service Delivery Project
- b)Social Centric Service Delivery Project
- c)Media Centric Service Delivery Project
- d)Society Centric Service Delivery Project
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
India signed a loan with World Bank for which project in Assam on June...
Explanation:
India on 5 June 2017 signed a USD 39.2 million loan agreement with the World Bank for the Assam Citizen Centric Service Delivery project.
The loan will be provided by the International Bank for Reconstruction and Development (IBRD), an international financial institution under the World Bank that offers loans to middle-income developing countries.
The loan agreement was signed by Raj Kumar, Joint Secretary under Department of Economic Affairs, Ministry of Finance on behalf of India and Hisham Abdo, Manager Operations (India) on behalf of the World Bank.
The Implementing Entity Agreement was signed by the Additional Chief Secretary, Assam Government and the Country Director (India) on behalf of the World Bank.
The total estimated cost of the Citizen Centric Service Delivery project is USD 49 million, out of which USD 39.2 million will be financed by the World Bank.
The remaining funds will be utilised from the Assam Budget. The objective of the project is to improve access in the delivery of selected public services in Assam.
The Project seeks to enable citizens to access services under the Assam Right To Public Services Act, 2012 in a timely, efficient, and accountable manner.
The Project adopts an integrated approach to improve access and accountability. The programme duration is of 5 years.
India on 5 June 2017 signed a USD 39.2 million loan agreement with the World Bank for the Assam Citizen Centric Service Delivery project.
The loan will be provided by the International Bank for Reconstruction and Development (IBRD), an international financial institution under the World Bank that offers loans to middle-income developing countries.
The loan agreement was signed by Raj Kumar, Joint Secretary under Department of Economic Affairs, Ministry of Finance on behalf of India and Hisham Abdo, Manager Operations (India) on behalf of the World Bank.
The Implementing Entity Agreement was signed by the Additional Chief Secretary, Assam Government and the Country Director (India) on behalf of the World Bank.
The total estimated cost of the Citizen Centric Service Delivery project is USD 49 million, out of which USD 39.2 million will be financed by the World Bank.
The remaining funds will be utilised from the Assam Budget. The objective of the project is to improve access in the delivery of selected public services in Assam.
The Project seeks to enable citizens to access services under the Assam Right To Public Services Act, 2012 in a timely, efficient, and accountable manner.
The Project adopts an integrated approach to improve access and accountability. The programme duration is of 5 years.
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India signed a loan with World Bank for which project in Assam on June 5, 2017?a)Citizen Centric Service Delivery Projectb)Social Centric Service Delivery Projectc)Media Centric Service Delivery Projectd)Society Centric Service Delivery ProjectCorrect answer is option 'A'. Can you explain this answer?
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