AIIB Signed Loan Agreement with India to improve irrigation services

The Government of India and West Bengal signed a loan agreement with Asian Infrastructure Investment Bank (AIIB) for a US$145 million project to improve irrigation services and flood management in the Damodar Valley Command Area (DVCA) in West Bengal.

The loan sanctioned under West Bengal Major Irrigation and Flood Management Project will benefit about 2.7 million farmers from five districts of West Bengal across 393,964 ha area.

It will provide better irrigation services and improved protection against annual flooding to mitigate the impact of climate change.