News
SocialStory
News

World Bank to extend $1.5 bn support to Swachh Bharat Mission


The government has approved USD 1,500 million World Bank-funded project of Swachh Bharat Mission to provide performance-based incentive to various states for carrying out cleanliness drive in rural areas.

Source : Indianexpress
Source : Indianexpress

The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval to the USD 1,500 million project, supported by the World Bank, to Swachh Bharat Mission (Gramin). The project basically provides for incentivising states on the basis of their performance in the existing SBM(G).The current approval provides for the mechanism of such incentivisation through the World Bank credit, an official statement said at New Delhi.

Performance will be measured against the state’s ability to reduce open defecation, sustaining their open defecation-free status and improving solid and liquid waste management in rural areas.

The project will accelerate efforts to achieve sustained outcomes in sanitation by 2019. The incentive framework introduced through the project will reorient efforts of states towards the SBM(G) outcomes, the statement said.

The project will also put in place a “robust and credible independent verification system” for annual measurement of improvement in rural sanitation, it said.

Out of the total World Bank credit of USD 1,500 million, USD 1,475 million is for providing incentive grant to the states and 25 million dollars for providing programme management and capacity support to Ministry of Drinking Water and Sanitation.

The World Bank is an international financial institution that provides loans to developing countries for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group, which is part of the United Nations system.

The World Bank’s official goal is the reduction of poverty. However, according to its Articles of Agreement, all its decisions must be guided by a commitment to the promotion of foreign investment and international trade and to the facilitation of Capital investment

About the author

Sign Up for the daily YS Newsletter for all the latest updates

Most Popular

Most Popular