WB proposes multi-billion plan for India

Apr 13, 2013 |

The World Bank has come out with a $12 billion to $20 billion four-year plan aimed at bringing down poverty levels in seven low-income Indian states, where majority of India’s poor live, to just 5.5 per cent in 2030 against 29.8 per cent in 2010.

The seven low-income states are Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, Rajasthan, and Uttar Pradesh. World bank’s Country Partnership Strategy for India (2013-2017) proposing a lending programme of $3 billion to $5 billion each year over the next four years was discussed by its board of executive directors.
Under the proposal, 60 per cent of the financing will go to state government-backed projects and half of this, or 30 per cent of total lending, will go to low-income or special category states (where public services face high delivery costs).
Under the previous strategy, 18 per cent of lending went to these states.

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