Published On:July 9 2018
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Indian signs Rs.3371 crore loan pact with World for PMGSY
India signed a INR 3,371 crore loan pact with World Bank to provide additional financing for PMGSY rural road projects. The loan has a 3-year grace period, and a maturity of 10 years, the finance ministry said in a release. It will provide additional financing for the Pradhan Mantri Gram Sadak Yojana (PMGSY) Rural Roads Project . The scheme will build 7,000 km of climate resilient roads, out of which 3,500 km will be constructed using green technologies.