By IANS
New Delhi : India is all set to get three loans of up to $944 million from the World Bank for rural development, vocational education training projects and restoration of community-based water bodies.
Three agreements were signed to this effect here Friday.
“The three projects reflect the government’s priority in rejuvenating the rural economy,” Finance Minister P. Chidambaram said.
A sum of $600 million was sanctioned for rural credit cooperative projects, $280 million for vocational education and $64 million for Karnataka’s community based tank management project.
He also said under the vocational education project about 400 Indian technical institutes would be upgraded.
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