GoI signed agreement with World Bank for REWARD Project

Current Context: The Government of India (GoI) has signed a loan agreement with World Bank to execute the ‘Rejuvenating Watersheds for Agricultural Resilience through Innovative Development” (REWARD) Project’ in Karnataka and Odisha.

• In this regard, the loan agreement of 115 million US dollars was signed between them.
• The project will help the states to adopt and implement watershed management strategies and enhance farmers’ resilience to climate change.
• It will also enhance productivity and income.
• The watershed management practices will boost the livelihoods in rainfed areas. It will develop a resilient food system.
• The funds are granted by International Bank for Reconstruction and Development (IBRD), which is the lending arm of the World Bank.
• Out of the total funds, the Karnataka government will be granted $60 million and Odisha government will be granted $49 million, and the rest $6 million will be granted to the department of land resources of the central government.

Question: 

Q.1 GoI signed a Loan agreement of _____ with the World Bank to execute the ‘Rejuvenating Watersheds for Agricultural Resilience through Innovative Development” (REWARD) Project’ in Karnataka and Odisha?
a. $130 million
b. $95 million
c. $125 million
d. $115 million