World Bank approves USD 125 million loan to West Bengal to support poor and and vulnerable groups

World Bank approves USD 125 million loan to West Bengal to support poor and and vulnerable groups

• The World Bank has sanctioned a loan worth $125 million (about Rs. 1,000 crore) to the government of West Bengal to support its effort to help the poor and vulnerable groups access social protection services.
• The loan has been provided under the ‘West Bengal Building State Capability for Inclusive Social Protection’ operation, on January 19, 2022.
• The financial assistance will help the state administration to improve services such as medical help through telemedicine, support for the elderly and differently-abled, financial inclusion of citizens with digital payments and disbursement of benefits for public schemes.

Points to remember:

1. Which financial organisation has approved loan of Rs 1000 cr for West Bengal govt to support poor in getting social protection services?
2. How much amount has been sanctioned by World Bank for West Bengal Building State Capability for Inclusive Social Protection?
3. World Bank Headquarters: Washington, D.C., United States
4. President: David Malpass