The loan will provide budgetary support to the Government of India, helping it maintain its broad economic stimulus program by enhancing the capital of select public sector banks. This will help maintain credit growth in the wake of the global financial crisis, support the growth of social banking and employment, and help strengthen the country’s economic recovery.
Scaling up Sustainable and Responsible Microfinance Project: IBRD$200 million; IDA $100 million
Funding under the project will be used by the Small Industries Development Bank of India (SIDBI) for on-lending to Indian Microfinance Institutions (MFIs) to scale up their operations particularly in under-served areas. The project also promotes transparency, good governance, and responsible microfinance.
Infrastructure
Financing Public Private Partnerships (PPPs) in Infrastructure through support to the India Infrastructure Finance Company Limited (IIFCL): IBRD $1.195 billion
The loan will help IIFCL to catalyze private financing for public-private partnerships (PPPs) across a range of infrastructure sectors including roads, power, airports, and ports, and stimulate the development of a long-term local currency debt financing market.
Andhra Pradesh Road Sector Project: IBRD $ 320 million The project is designed to improve the quality, capacity and safety of roads in Andhra Pradesh. It will upgrade about 400 km of priority state highways and finance long-term maintenance of over 6,000 km of the state’s core road network.
POWER
Fifth Power System Development Project: IBRD $1 billion The project will help Powergrid Corporation of India, the country’s national electricity transmission company, to strengthen five transmission systems in the northern, western and southern regions of the country, facilitating the transfer of power from energy surplus regions to underserved areas.
Haryana Power System Improvement Project: IBRD $330 million The project aims to improve the availability, quality, and reliability of electricity supply in the power-deficit state of Haryana by strengthening its transmission and distribution systems. This will improve the welfare of both urban and rural consumers and bring about high economic returns.
Energy Efficiency at Micro, Small & Medium Enterprises Project: GEF Grant $11.3 million
The project aims to increase demand for energy efficiency investments in micro, small and medium enterprise clusters and to build their capacity to access commercial finance.
Roads & Transportation
Sustainable Urban Transport Project(SUTP): IBRD $105 million
The project will finance sustainable transport solutions in select Indian cities that will create models for others to replicate. This includes the development of new bus systems as well as investments in non-motorized transport, including cycle tracks.
Tamil Nadu Road Sector Project: IBRD$50.7 million, additional financing
The project is improving the quality and sustainability of Tamil Nadu’s core road network, improving several accident-prone locations and strengthening the capacity of the Highways Department.
Mumbai Urban Transport Project Phase 2: IBRD $700 million, additional financingThe project aims to further improve the suburban railway system in the Mumbai Metropolitan Region. The first phase reduced the level of crowding in suburban trains from 4,500 to 3600 passengers per 9-coach train at peak hours. The second phase will maximize efficiency by improving the capacity, operational efficiency, and level of comfort in the trains, as well as support the institutional strengthening of the agencies in charge of the suburban rail system in the Mumbai Metropolitan area.
WATER
Andhra Pradesh Water Sector Improvement Project: IBRD $450.6 million The project aims to improve irrigation services in the Nagarjuna Sagar Scheme - a large multipurpose water project which generates hydro power, supplies water for industries, as well as water for drinking and irrigation. It also aims to strengthen the state's institutional capacity for multi-sectoral planning, and for the development and management of its water resources.
Dam Rehabilitation and Improvement Project: IBRD $175 million; IDA $175 million India ranks third in the world after China and the United States in the number of dams. Of India’s 4050 completed large dams, almost half are more than 25 years old; another 475 are under construction. These dams have played a key role in fostering rapid and sustained agricultural and rural development. The project will help rehabilitate and modernize about 38 of these large dams.
RURAL WATER SUPPLY & SANITATION
Andhra Pradesh Rural Water Supply and Sanitation Project: IDA $150 million
The projectwill assist the Andhra Pradesh government developing new infrastructure or rehabilitating and augmenting existing infrastructure to improve rural water supply and sanitation services. It will support the progressive decentralization of services, promote community participation, enhance the accountability of service providers, build institutional capacity and carry out studies to inform policy decisions.
Karnataka Rural Water Supply and Sanitation Project: IDA$150 million, additional financing
The project (approved in 2001) will be scaled up to another 1,650 villages, allowing an additional four million people to get access to efficient and reliable water supply. It has already brought clean drinking water to about five million people, taking the number of households with private water supply connections from 12% to 47% in project villages. This will also help the government focus on improving water quality.
Rajasthan Water Sector Restructuring Project: IDA $19 million, additional financing
The project is strengthening the state’s capacity to plan and manage its surface and groundwater resources and increase the productivity of irrigated agriculture.
URBAN
Andhra Pradesh Municipal Development Project: IBRD $300 million
The loan will help finance sustainable, high-priority urban infrastructure projects in Andhra Pradesh, and help build the capacity of the state’s urban local bodies (ULBs) to sustain and expand services.
RURAL
West Bengal Institutional Strengthening of Gram Panchayats Project: IDA $200 million
Over the past decade the Government of West Bengal has moved to decentralize service delivery and governance responsibilities and resources to Gram Panchayats, the lowest level of village government in India. Aggregate funding to these entities has increased significantly and Gram Panchayats now have the authority to directly employ workers in certain sectors. In this context, the project aims to improve the effectiveness of service delivery by these institutions in West Bengal.
National Agricultural Innovation Project: $7 million from GEF in additional financing
With limited scope to expand the area under cultivation, the role of agricultural R&D is critical to enhance agricultural productivity in India. Accordingly, the project aims to increase the use of agricultural innovations and the application of science to agriculture by accelerating collaboration among public research organizations, farmers, the private sector and other stakeholders. By doing so, it hopes to encourage the shift from resource and input based agricultural growth to knowledge and science based growth.
Andhra Pradesh Rural Poverty Reduction Project: IDA $100 million, additional financing This second provision of additional financing since the project began in 2003 will help scale up its impressive achievements. To date, the project has improved rural livelihoods, raising the incomes and quality of life of some 10 million rural women.
EDUCATION
Second Elementary Education Project: IDA $750 million, additional financing
The project will enable India’s flagship education program, the Sarva Shiksha Abhiyan (SSA), to raise the percentage of children attending and completing elementary school, as well as improve learning outcomes.
Second Technical/Engineering Education Quality Improvement Project (TEQIP): IDA $300 million
The project supports some 200 engineering colleges to produce higher quality and more employable engineers, prepare more post-graduate students to reduce shortages of qualified faculty, and produce research and development in collaboration with industry.
HEALTH
Tamil Nadu Health Systems Project: IDA $ 110.83 million, additional financing
The project has demonstrated effective results in reducing infant and maternal mortality in Tamil Nadu. The additional funding will continue these successful activities while particularly focusing on improving the quality of health care and enhancing access to health services by the poor, remote, and tribal populations.
India’s coastal zones are under stress from rapid urbanization and from increasing coastal hazards. The project will help build the institutional arrangements, capacity and advanced knowledge systems to implement the Government of India's national program to protect and conserve these natural resources. This will include the mapping and delineation of hazard lines and ecologically sensitive areas, setting up a world-class national centre for sustainable coastal zone management, and the preparation of integrated coastal zone management plans.
Capacity Building for Industrial Pollution Management Project: IDA $38.94 million
About 36,000 industries in India generate about 6.2 million tons of hazardous waste annually. Industrial sludge and effluents laden with heavy metals are dumped in open areas, in rivers, around residential compounds, and on farm land, contaminating soil and groundwater, and affecting the health of local communities. The project will address the abundance of contaminated areas across India by expanding the institutional capacity, easing the regulatory gaps and demonstrating appropriate clean up techniques.
OTHER
Statistical Strengthening Loan: IBRD$107 million
Given India’s rapid economic and social transformation over the past decade, with the emergence of new sectors and growing private investment,a renewed and modernized statistical system has become essential in order to measure rapid economic and social change, monitor the effects of reform, and to calibrate policy change both in the states and at the center. The project will strengthen state statistical systems within a national policy framework to provide the data needed to support effective policy and decision making at all levels.
RSS