Current Affairs - Finance - Discussion

The World Bank has approved a $188.28 million loan to Maharashtra, aiming to promote economic growth in the state's underdeveloped districts. The loan is intended to enhance district-level governance, improve e-governance services, and foster private-sector engagement. With the creation of a Maha Databank and an incentive framework for districts meeting performance targets, the project seeks to address challenges like gender disparities, fragmented governance, and poor data availability, thus driving inclusive growth in these backward districts.