Business & Economy
World Bank pledges $ 500 m
for India's e-governance plan
What is India News Service, Monday, 14 March 2005, 1300 hrs IST
The World Bank has agreed in principle to provide $ 500 million for India's National e-Governance Plan (NEGP) over the next four years. The Bank has approved the project concept and has given the green signal to support NEGP projects, a senior economist at the bank, Mark Dutz, said.
The announcement was made at the concluding session of the NEGP workshop with States and Union Territories held here on March 11 and 12. The two-day conference coincided with the visit of the World Bank Preparatory Mission, which is currently in the country to discuss the objectives, scope, design and implementation arrangements of the project with the Government.
According to an official release, the bank's decision follows a dialogue with the Government for possible support of the NEGP, followed by the identification mission. This approval will have potential for follow-up with additional financing, depending on the need, absorptive capacity and rapid disbursement of the initial financing. A final decision of the Bank's support, including amount of financing and other modalities, is expected within the next nine to 12 months, subject to the Government's preparation.
Apart from funds, the World Bank will also help in capacity building and provide managerial and other expertise. Mr. Dutz said the bank's experience while working with the Indian Government will be useful for similar plans in other countries.
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