World Bank Approves $108 Million Loan to Improve Disaster Preparedness for Assam

World Bank Approves $108 Million Loan to Improve Disaster Preparedness for Assam

Daily Current Affairs   /   World Bank Approves $108 Million Loan to Improve Disaster Preparedness for Assam

Change Language English Hindi

Category : State Published on: March 30 2023

Share on facebook
  • The World Bank has approved a $108-million loan to help Assam improve disaster preparedness and enhance flood forecasting, benefitting around 6 million people in a state where flood is a perennial problem.
  • Assam had in 2022 suffered one of its worst floods that affected over 89 lakh people in 34 districts and killed 199.  Altogether 2,04,348 houses were also either severely or partially damaged.
  • The loan, approved by the World Bank’s executive board of directors is part of a larger $500-million investment programme for Assam, having a maturity of 11.5 years and a grace period of four years.
  • The Assam government has projected an increase in extreme rainfall events by 5-35 per cent and an increase in the rise of flood events by more than 25 per cent due to climate change.
Recent Post's

  • India became the largest supplier of cotton products to the United States in 2025, surpassing China for the first time in recent years.

    Read More....

  • Scientists from the Zoological Survey of India discovered two new lichen moth species named Caulocera hollowayi and Asura buxa in the Eastern Himalayas.

    Read More....

  • The world’s first Autonomous Maritime Shipbuilding and Systems Centre was established in Nellore to develop advanced unmanned maritime technologies.

    Read More....

  • Assam exported its GI-tagged Joha rice to the United Kingdom and Italy for the first time.

    Read More....

  • Scientists discovered a new pterosaur species named Bakiribu waridza from a 100-million-year-old fossilised dinosaur vomit in Araripe Basin.

    Read More....

  • Meta acquired the experimental AI social networking platform Moltbook as part of the global AI talent race.

    Read More....

  • The Delhi Cantonment Board launched the SMART digital governance platform to improve sanitation monitoring and civic services.

    Read More....

  • NITI Aayog released the second edition of the Fiscal Health Index 2026 to assess the fiscal performance of Indian states.

    Read More....

  • Razorpay launched the AI-powered payment platform Agent Studio built on Claude AI technology.

    Read More....

  • The WHO Foundation and Novo Nordisk partnered to address childhood obesity in India through school-based health programmes.

    Read More....