CEO: World Bank to extend $290 mn credit for Bihar's JEEViKA II

• Centre, Bihar government and World Bank today signed a USD 290-million credit agreement to help improve livelihood opportunities for poor rural households across 300 blocks and 32 districts of the state
• Bihar Transformative Development Project, also known as Jeevika II, will mobilise rural population into self-help groups (SHG) and higher level federations and help them gain access to markets, public services and a range of financial services from formal financial institutions
• In line with the emerging priorities and JEEViKA's already significant experience, the new project will scale up farm and non-farm value chain interventions including setting up of women-owned farmer producer companies
• The Bihar government has been implementing the Bihar Rural Livelihoods Project (JEEViKA), a World Bank supported programme for poverty alleviation, across six districts and 42 blocks of Bihar since 2007
• The credit is from the International Development Association (IDA), the World Bank's concessionary lending arm, with a maturity of 25 years, including a 5-year grace period

About World Bank:

• Headquarter: Washington, D.C., United States
• Established:1944

Important Question for Competitive Exam from this Current Affairs:

1. Bihar Government and _________signed a USD 290 million credit agreement to help improve livelihood opportunities for poor rural households: a)West Bengal b)Maharashtra c)Bihar d)Himachal Pradesh

source: business standard