New Delhi: Multilateral lending agency World Bank will provide an additional USD 100 million interest free loan to fund ongoing Bihar Rural Livelihoods Project-Jeevika (livelihood).
    
The agreement was signed between Bihar government, the union government and the World Bank.
     
"The Project is aimed at enhancing the social and economic empowerment of the rural poor in Bihar," an official statement said today.
    
The project will be funded by credit from World Bank's concessionary lending arm - International Development Association (IDA) - that provides interest free loans with 25 years of maturity and five year grace period.
     
The project covers six districts and the additional funding will help consolidate and expand the project to all blocks in these districts.
     
The additional financing will directly benefit 1.5 million households in the state, the statement said.
     
So far, the project has mobilised 515,000 poor women into 46,000 self-help groups (SHGs) and 3,500 village organisations.
    
Effective targeting of the poor, especially the most vulnerable groups, has been a major focus of the project, said Roberto Zagha, World Bank Country Director for India during the signing of the agreement.

(Agencies)

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