Question : WORLD BANK LOAN

(a) whether the World Bank sanctioned any loan for projects pertaining to poverty alleviation and other human resources development during the last three years and the current year;

(b) if so, the details thereof, State-wise, especially State of Uttarakhand;

(c) the details of projects cleared and the amount likely to be allocated thereon, project-wise;

(d) the details of implementing agencies of the projects, State-wise; and

(e) the steps taken by the Union Government to ensure timely completion of projects and maximise the benefits therefrom?

Minister of State for Finance(SHRI NAMO NARAIN MEENA)

(a) to (d) A list of projects signed during the last three years and the current year is annexed.

(e) There is an elaborate mechanism in place for monitoring utilization of the loans received from the World Bank, which involves close review of projects through bi-annual tripartite portfolio review meeting, comprising the donor, DEA, line Departments and the project authorities. From last year, State-level review meetings chaired by concerned Secretaries have been introduced. Besides, wrap-up meetings are conducted after the completion of every mission of the World Bank for closely monitoring the implementation progress.