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PRESS RELEASE

India – Proposed Credit for the National Rural Livelihoods Project

July 5, 2011



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.

 

Media Contacts
Benjamin Crow
Tel : (202) 473-5105
Bcrow@worldbank.org

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