World Bank lends Rs 1950 crore loans to West Bengal

West Bengal government has received a loan amount of Rs 1950 crore from the World Bank. The loan amount has been lend to the West Bengal Government to tackle COVID-19 situation and developmental work in the state.

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Out of the total amount of Rs 1950 crore, West Bengal Government will spend Rs. 850 crore on various Social-Welfare schemes while the remaining Rs 1,100 crore will be spent to create Industrial infrastructures.

Important takeaways for all competitive exams:

  • Chief Minister of West Bengal: Mamata Banerjee; Governor: Jagdeep Dhankhar.
  • President of World Bank: David Malpass.

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