Economy

World Bank To Fund Nai Manzil
Economy Indian News

World Bank To Fund Nai Manzil

Recently the Government of India and the World Bank have signed an US $50 million credit for the Nai Manzil scheme which is a minority education and training scheme. The credit for the scheme will be given by the World Bank’s concessionary lending arm that is the International Development Association (IDA). The help would be in the form of a loan. The loan will carry maturity of 25 years which will include a 5-year grace period as well.