World Bank Approves $188.28 Million Loan to Boost Economic Growth in Maharashtra
| Aspect | Details |
|---|---|
| Why in News | World Bank approves $188.28 million loan to Maharashtra for economic growth in backward districts. |
| Loan Details | - Amount: $188.28 million. - Provided by: International Bank for Reconstruction and Development (IBRD). - Maturity: 15 years, with 5-year grace period. |
| Focus Areas | - Enhancing district-level governance. - Improving e-governance services. - Fostering private sector involvement. |
| Key Initiatives | - Creation of Maha Databank for data-driven planning. - Upgrading digital platforms like MAITRI 2.0 (business services) and RTS (government services). - Fiscal incentives for districts meeting targets. |
| Objectives | - Empower districts with resources for inclusive growth. - Address governance challenges like fragmented systems and lack of credible data. - Streamline public-private sector collaboration. |
| Key People | - Auguste Tano Kouame: World Bank's Country Director for India. - Neha Gupta and Thomas Danielewitz: Task Team Leaders. |