(a) whether the World Bank proposes to lend India upto $20 bn loan to fight poverty
in the country;
(b) if so, the details thereof;
(c) the details of projects that would be funded under this loan in each individual
State/UT in the country to achieve the objective; and
(d) the level at which this would help to bring down the rate of poverty in the
country?
MINISTER OF STATE FOR PARLIAMENTARY AFFAIRS & PLANNING (SHRI RAJEEV SHUKLA)
(a) & (b): The World Bank’s Country Programme Strategy (CPS-2013-17) for India has
projected assistance of approximately US$ 4 billion each year from the World Bank
Group (IDA, IBRD, IFC).
(c): IDA funds are predominantly used in projects like agriculture, rural development,
education, health, disaster management and related sectors. IBRD loans are predominantly used
for projects in sectors like transport, urban development, energy, etc. IFC investments are
for the private sector.
(d): Financing from World Bank Group is part of the overall effort of Government of
India in reducing poverty.