WASHINGTON, July 5, 2011 - The World Bank’s Board of Executive Directors today approved the following project:
IDA Credit: US$1 Billion Equivalent
Terms: Maturity = 25 years; Grace = 5 years
Project ID: P104164
Project Description: The project objective is to strengthen implementation of the Government of India’s newly launched National Rural Livelihoods Mission, one of the world’s largest poverty reduction initiatives totaling approximately $7.7 billion, which aims to reach 350 million people or almost a quarter of India’s population.