Saturday, 31 May 2014

India Signs Credit Agreement Worth US$ 121.20 Million with World Bank for ‘Uttarakhand Decentralised Watershed Development project’

An agreement for credit of US$ 121.20 million (equivalent) from World Bank for the Uttarakhand Decentralized Watershed Development Project (UDWDP) was signed here today by Shri Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Mr. Micheal Haney, Acting Director, New Delhi Office, World Bank, on behalf of the World Bank. 

Similarly the Project Agreement was signed by Shri M.H. Khan, Principal Secretary, Government of Uttarakhand and Chief Project Director, Watershed Management Directorate on behalf of the Government of Uttarakhand. 

The Objective of the project is to increase the efficiency of natural resource use and productivity of rain fed agriculture by participating communities in selected micro watersheds of the State of Uttarakhand. 

The project has four components: (i) Social Mobilization and Participatory Watershed Planning; (ii) Watershed Treatment and Rain fed Area Development; (iii) Enhancing Livelihood Opportunities; and (iv) Knowledge Management and Project Coordination. 

The closing date of UDWDP is September 2021. 

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