India inks $48 million financing pact with World Bank for Nagaland Health Project
Multilateral lending agency World Bank and India on Monday signed a financing agreement for International Development Association (IDA) credit of $48 million (nearly Rs 319.33 crore) (equivalent) for the 'Nagaland Health Project'.
"The objectives of the project are to improve health services and increase their utilisation by communities in targeted locations in Nagaland," the Finance Ministry said in a statement.
Communities in targeted locations will benefit from project activities at the community and health facility levels while the population of the state as a whole will benefit from improvements in higher-level facilities as well as system-wide investments, it added.
ALSO READ: India inks $650 million loan pact with World Bank for Eastern Freight Corridor
According to the statement, the project will directly benefit about 600,000 people.
"It will support and complement existing systems and mechanisms involving communities under the National Health Mission," it said.
The closing date of Nagaland Health Project is March 31, 2023.
The agreement was signed by Economic Affairs Joint Secretary Raj Kumar and World Bank (India) Acting Country Director Genevieve Connors.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
07:19 PM IST