World Bank to provide 250 Million dollar for NRETP to boost Rural incomes in India

The World Bank will provide a $250-million loan for the National Rural Economic Transformation Project (NRETP) to help women in rural households develop viable enterprises for farm and non-farm products. An agreement in this regard was signed between the World Bank and the Government of India.

The $250 million loans have a 5-year grace period and a final maturity of 20 years. The NRLP, which is currently being implemented across 13 states, 162 districts and 575 blocks, has so far mobilised more than 8.8 million women from poor rural households into 7.5 lakh self-help groups (SHGs).

Source- Business Today

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