World Bank Approves $188.28 Million Loan for Maharashtra’s Backward Districts

The World Bank has approved a $188.28 million loan to Maharashtra aimed at boosting economic growth in the state’s underdeveloped districts. This loan, provided by the International Bank for Reconstruction and Development (IBRD), comes with a 15-year maturity period, including a five-year grace period. The project focuses on enhancing district-level governance, improving e-governance services, and fostering private sector involvement to accelerate economic development and job creation.