World Bank approves $150 million loan to Punjab

World Bank approves $150 million loan to Punjab: Punjab government has received a loan of $150 million (approx Rs 1,200 crore) from the World Bank to help the state better manage its financial resources and improve access to public services.

September 2022 Current Affairs Quiz

Punjab at present has a debt of Rs 2.63 lakh crore. The $150 million loan has a maturity of 15 years including a grace period of 6 months. Punjab government will launch new projects with World Bank’s assistance to attain its development goals.

Punjab CM: Bhagwant Mann.