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Which of the following international agencies has agreed to provide 50% of the fund required over a period of 5 years (2020-21 to 2024-25) as loan for the Atal Bhujal Yojana ?
1. World Bank
2. Asian Development Bank
3. International Monetary Fund
4. New Development Bank

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Correct Answer - Option 1 : World Bank

The correct answer is World Bank.

  • Rs. 6000 crores to be implemented over a period of 5 years (2020-21 to 2024-25), 50% shall be in the form of a World Bank loan. 

  • Atal Bhujal Yojana:
    • The Atal Bhujal Yojana (ABHY) is a central sector scheme worth Rs.6,000 crore for sustainable management of groundwater with community participation.
    • It is being implemented by the Ministry of Jal Shakti (earlier known as Ministry of Water Resources, River Development and Ganga Rejuvenation).
    • The scheme is being funded by the Government of India and the World Bank on 50:50 basis.

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