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Maharashtra seeks Rs 5,000 cr World Bank loan for drought mitigation

<p>Maharashtra Government is seeking a loan of Rs 5,000 crore from the World Bank for implementing drought-mitigation steps, from water conservation to changing crop pattern, Chief Minister Devendra Fadnavis said on Monday</p>

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Maharashtra Government is seeking a loan of Rs 5,000 crore from the World Bank for implementing drought-mitigation steps, from water conservation to changing crop pattern, Chief Minister Devendra Fadnavis said on Monday.

He said the government has submitted a proposal with the External Affairs Ministry as per the instructions of World Bank and a meeting was held between officials of both sides when the Maharashtra legislature was in session recently. "We have requested World Bank officials to help us tackle drought from the specific fund they have created for drought mitigation," Fadnavis told reporters.

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