$250 million loan assistance for infra reconstruction to be spent by 2020 Following the agreement between India and World Bank to provide $250 million loan for flood recovery plan in Jammu and Kashmir, the state will be entitled for special funds till 2020 to prepare itself to deal with natural calamities. As per the agreement, the bank will maintain a “contingent emergency response component”, under which funds will immediately be made available to the state to respond to the crisis situation, should they occur during the implementation of the reconstruction…
Read MoreState to get World Bank fund to prepare for natural calamities
