World Bank to finance Nai Manzil Scheme

Q.  Financing agreement for IDA credit of USD 50 million for Nai Manzil Education and Skills Training for Minorities has been signed with which organisation by India?
- Published on 04 Jan 16

a. ADB
b. WHO
c. WB
d. AIIB

ANSWER: WB
 
Financing agreement for IDA credit of USD 50 million for the Nai Manzil Education and Skills Training for Minorities was signed with the World Bank. Total project size is USD 100 million from which USD 50 million will be available as IDA credit and the balance will be in funding from the Union Budget. Project has adopted an integrated and holistic approach towards education and skill development for minority youth.

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