The government and World Bank signed a $100 million (about Rs 6,40 crore) loan agreement to promote rural economy in selected blocks of Tamil Nadu across 26 districts, benefiting over 4 lakh people.
The funding aimed at promoting rural enterprises, facilitate their access to finance and create employment opportunities for youth particularly women. The Tamil Nadu Rural Transformation Project will create an enabling environment for producer organisations and enterprises to promote businesses across select value chains.
Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
- Jim Yong Kim is the 12th President of the World Bank Group.
- World Bank Headquarters in Washington DC, USA.
Source- Business Standard