The World Bank has signed a loan agreement of $400 million with Government of India to enhance support for the Namami Gange programme. The loan agreement aims to make the Ganga a clean and healthy river. The loan amount of $400 million comprises a loan of $381 million and a proposed Guarantee of up to $19 million. The new project will aim to stem the pollution levels in the iconic river and work towards strengthening the management of the river basin which is home to more than 500 million people.
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The World Bank has been supporting the efforts of Government of India since 2011 via the currently active National Ganga River Basin Project. This project has helped in establishing the National Mission for Clean Ganga (NMCG) as the nodal agency to manage the river.
Important takeaways for all competitive exams:
- President of World Bank: David Malpass.