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HomeNewsIndiaWorld Bank to provide $400 million to enhance support for rejuvenating Ganga

World Bank to provide $400 million to enhance support for rejuvenating Ganga

According to the release, the Ganga Basin provides over one-third of India's surface water, includes the country's largest irrigated area, and is key to India's water and food security.

July 07, 2020 / 21:59 IST
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Representative image

The World Bank on July 7 said it will provide $400 million assistance to enhance support for the Namami Gange programme that seeks to rejuvenate the Ganga river. The Second National Ganga River Basin Project (SNGRBP) will help stem pollution in the iconic river and strengthen the management of the river basin, it said in a release.

"The $400 million operation comprises a loan of $381 million and a proposed guarantee of up to $19 million," it said.

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The agreement for the $381-million loan was signed on Tuesday by Sameer Kumar Khare, additional secretary in the Department of Economic Affairs on behalf of the Government of India and Qaiser Khan, acting country director, India, on behalf of the World Bank.

The guarantee instrument will be processed separately.