World Bank announces $444 Million aid to Orissa

World Bank announces $444 Million aid to Orissa

Wednesday, 28 January 2009, 03:07 Hrs   |    4 Comments
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New Delhi: The World Bank Tuesday announced $444 million aid to Orissa for infrastructure development and rural livelihood projects.

The bank has signed an agreement in this regard with the state government.

According to the assistance package agreement, the bank will provide $250 million for improving road network, $112 million for agricultural tank systems and $82.4 million for increasing livelihood opportunities for the rural poor.

Despite high economic growth of recent past, the state "remains one of India's poorest states with nearly half of its 38 million people living under the official poverty line, most of them in rural areas," the bank noted.

"The emphasis is not only to build on what has been achieved so far, but also to target inclusion of the poorest of the poor," said Roberto Zagha, World Bank Country Director for India.
Source: IANS
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Reader's comments(4)
1: yes,
now the time has come for oriyas to change their attitude in a positive way so that our state can improve.
Posted by:manas - 29 Jan, 2009
2: oh....god......
after a long time , in right situation we ve got an opportunity. pls use it in highly efficient manner...hope for the best...
Posted by:dinesh - 29 Jan, 2009
3: It's like coming a big piece of ice from world bank to orissa. Hence we can imagine how much will remain till it reaches orissa. We still trust our iron man's son most respected Mr. Naveen Pattnaik.
Posted by:Pani - 28 Jan, 2009
4: All these money would serve polician & other influence people....... It would not serve poor people.
Inspite of giving money to the govt , world bank should employ its own people for implemention.

God bless Orissa.

Posted by:nahush - 28 Jan, 2009