Government of India and World Bank sign US$ 1 Billion Agreement to give a major boost to Rural Livelihoods

The Government of India and the World Bank today signed a Credit Agreement of US$1 billion (approximately Rs. 4,600 crores) for the National Rural Livelihoods Project (NRLP). The Project will strengthen the implementation of the Government of India’s newly launched National Rural Livelihoods Mission (NRLM). The NRLM is one of the world’s largest poverty reduction initiatives, aiming to reach 350 million people (almost a quarter of India’s population), with an outlay of approximately US$ 6.5 billion.