World Bank proposes multi-billion plan to reduce poverty in India

Friday, April 12, 2013

The World Bank has come out with a multi-billion ($12-20 billion) four-year plan aimed at bringing down poverty levels in seven low-income Indian States, where a majority of India’s poor live, to just 5.5 per cent in 2030 against 29.8 per cent in 2010.

The seven low-income States are Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, and Uttar Pradesh.

The World Bank’s Country Partnership Strategy (CPS) for India (2013-2017) proposing a lending programme of $3 billion to $5 billion each year over the next four years was discussed by its Board of Executive Directors.

Source: The Hindu Business Line (link opens in a new window)

poverty alleviation