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Dam Rehabilitation and Improvement Project (DRIP) is being funded by which of the following?
  • a)
    International Monetary Fund and UNICEF
  • b)
    World Bank and Asian Infrastructure Investment Bank.
  • c)
    Asian Development Bank and The Regional Comprehensive Economic Partnership
  • d)
    World Economic Forum and The South Asian Association for Regional Cooperation
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Dam Rehabilitation and Improvement Project (DRIP) is being funded by w...
In News: Recently, the Government of India signed a $250 million loan agreement with the World Bank for the Second Phase of Dam Rehabilitation and Improvement Project (DRIP Phase II). The Dam Rehabilitation and Improvement Project (DRIP) is a State sector scheme.
It was formulated to bridge the funding gap and provide urgent finance to States for the repair and maintenance of Dams. It was launched by the Central Water Commission (CWC) with assistance from the World Bank in 2012. Under the scheme, financial assistance is being provided by the World Bank (WB), and Asian Infrastructure Investment Bank (AIIB). It aims to improve the safety and operational performance of selected existing dams and associated appurtenances in a sustainable manner and to strengthen the dam safety institutional setup of participating States / Implementing Agencies. Water Resources Departments and State Electricity Boards in the participating States and Central Water Commission at Central Level.
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Dam Rehabilitation and Improvement Project (DRIP) is being funded by which of the following?a)International Monetary Fund and UNICEFb)World Bank and Asian Infrastructure Investment Bank.c)Asian Development Bank and The Regional Comprehensive Economic Partnershipd)World Economic Forum and The South Asian Association for Regional CooperationCorrect answer is option 'B'. Can you explain this answer?
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Dam Rehabilitation and Improvement Project (DRIP) is being funded by which of the following?a)International Monetary Fund and UNICEFb)World Bank and Asian Infrastructure Investment Bank.c)Asian Development Bank and The Regional Comprehensive Economic Partnershipd)World Economic Forum and The South Asian Association for Regional CooperationCorrect answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Dam Rehabilitation and Improvement Project (DRIP) is being funded by which of the following?a)International Monetary Fund and UNICEFb)World Bank and Asian Infrastructure Investment Bank.c)Asian Development Bank and The Regional Comprehensive Economic Partnershipd)World Economic Forum and The South Asian Association for Regional CooperationCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Dam Rehabilitation and Improvement Project (DRIP) is being funded by which of the following?a)International Monetary Fund and UNICEFb)World Bank and Asian Infrastructure Investment Bank.c)Asian Development Bank and The Regional Comprehensive Economic Partnershipd)World Economic Forum and The South Asian Association for Regional CooperationCorrect answer is option 'B'. Can you explain this answer?.
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