NEWS: World Bank to boost Namami Gange Program!

World Bank and India signed an agreement on Tuesday, in which World Bank will provide loan of worth 400 million USD to support Namami Gange Program. This support seeks to rejuvenate the Ganga. Namami Gange Program aims to reduce pollution in river Ganga and manage the river basin efficiently, that is home to around 50 crore people.
As told by Finance Ministry on Tuesday, World Bank will be providing 381 million USD and proposed a guarantee up to 19 million USD. The loan has maturity period of 18.5 years including five year of grace period.

Junaid Ahmad, World Bank country director in India stated that The first project of Ganga included building of critical sewage facilities at 20 polluted hotspots along the river. Now, this project will focus on tributaries of Ganga. It will help Government to create institutions to manage big and complex Ganga Basin.