By IANS,
New Delhi : The government will enter into an agreement with the World Bank here July 18 for securing a soft loan worth $1 billion to fund the National Rural Livelihoods Project (NRLP), the ministry Of rural development said Friday.
According to a statement, the funds would be distributed among the states on the basis of the size of their rural below poverty line (BPL) population.
“The investment in one of the world’s largest poverty reduction initiatives will help in setting up an institutional platform by mobilizing rural poor, particularly women, into robust grassroots institutions,” the statement.
The ministry said that the project will assist in bring professional practice in the overall programme by providing quality technical assistance.
“Rural development programme will invest intensively to support implementation of the NRLM in 100 districts and 400 blocks of 12 high poverty states, accounting for 85 percent of the rural poor in the country,” the ministry said.
The NRLM project, under which the programme would be run, aims to create rural jobs and strengthen institutional platforms like education and medical services.