The new state-level projects will help improve infrastructure and provide sustainable urban and rural services in the areas of water supply and sanitation for the people of Jharkhand; increase the power transmission capacity; and diversify household income through select farm and non-farm sectors.
Jharkhand is a key state in India's growth trajectory and in its fight against poverty. The Chief Minister has identified a series of important reforms to hasten the pace of development in the state and the World Bank has committed its full support to these efforts, said Junaid Ahmad World Bank Country Director in India, following his meeting with the Chief Minister. Our projects over the next few years will help the state strengthen the delivery of public services through investments in rural and urban infrastructure - enabling its people to gain access to better jobs and services, he added.
Among the upcoming projects, the US$ 300 million (approx. Rs 1,935 crore) Jharkhand Municipal Development Project aims to provide citizens with sustainable basic services such as water supply and sanitation by enhancing the capacity of Urban Local Bodies (ULBs) to undertake policy reforms and set up systems that will help them better manage their resources and increase accountability.
The US$ 150 million (approx. Rs 967.50 crore) World Bank financing for Jharkhand Power System Improvement Project will support the state in increasing the transmission of power from Jharkhand to other states of the country; increase the power transmission capacity; streamline procurement and contract management practices in the transmission company, Jharkhand Urja Sancharan Nigam (JUSNL); and help the distribution company, Jharkhand Bijli Vitran Nigam, (JBVNL) reduce its Aggregate Transmission and Commercial (AT&C) losses.
The US$ 100 million (approx. Rs 645 crore) World Bank financing for Jharkhand Opportunities for Harnessing Rural Growth Project (JOHAR) will enhance and diversify household income in select farm and non-farm sectors. The project will promote market access and private sector participation, foster skill development relevant to the value chains, and facilitate the development of a pro-poor agricultural system.
The Jharkhand Service Delivery Improvement Project, for which the World Bank is expected to provide US$ 50 million (approx. Rs 322.50 crore) will help the government provide services to its citizens through the Pragya Kendras. The project aims to increase the number of beneficiaries accessing real time gross settlement of funds (RTGS) services, especially in rural areas; improve the timelines and quality of services and increase the number of beneficiaries receiving direct benefit transfers through Integrated Financial Management Services (IFMIS) platform.
In addition to the existing pipeline of proposed projects, the World Bank will support the Government of Jharkhand's reform initiatives through technical and analytical work, and bring experience from other states and countries to address state specific challenges.
The World Bank Country Director travelled to villages in Block Angara in Ranchi district and interacted with rural households. He saw how women self-help groups had mobilized themselves to help increase their family income by undertaking farm and non-farm livelihood activities like animal husbandry, handicrafts and minor forestry activities.
World Bank in Jharkhand
Several World Bank supported national development programs, amounting to Rs 2,393 crores, are currently active in Jharkhand - covering irrigation, health, roads, livelihoods, rural water, sanitation and education sectors.
Recently, a US$ 63 million (approx. Rs 406.35 crore) Tejaswini Socioeconomic Empowerment of Adolescent Girls and Young Women in Jharkhand was signed with the state on February 23, 2017. The aim of the project is to help improve market-driven skills training and secondary education for adolescent girls and young women in select districts of Jharkhand.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
