The World Bank has approved a $188.28 million loan to Maharashtra, aiming to promote balanced development across the state. Seven out of 36 districts currently contribute over half of the state’s $500 billion GDP.

The World Bank granted a $188.28 million loan to Maharashtra under the program “Maharashtra Strengthening Institutional Capabilities in Districts for Enabling Growth.”

The loan has a 15-year maturity, including a 5-year grace period.

The program focuses on strengthening district administrations by identifying growth opportunities, encouraging private sector participation, and promoting data-driven planning and decision-making.

Several districts need more timely, credible data, fragmented agencies working in isolation, and governance issues.

The investment will provide districts with access to critical data, funds, and expertise, helping to maximize public investments and drive growth and job creation.

The future of investing is here! Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!