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The Asian Development Bank (ADB) and the Government of India here today signed a $50 million policy-based loan to improve financial management procedures and operational efficiencies aimed at achieving more fiscal savings, promote informed decision making, and improve service delivery in the state o
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FAQ :
The loan aims to improve financial management procedures and operational efficiencies in West Bengal, leading to fiscal savings, better decision-making, and improved public service delivery through digital platforms.
The agreement was signed by Dr. C. S. Mohapatra for the Government of India and Mr. Takeo Konishi for the Asian Development Bank (ADB).
The programme will support interoperable e-Government platforms to streamline social protection benefits, facilitate data collection, improve tax and revenue collection, and enhance project management through an integrated financial management system.
A centre for fiscal policy and public finance will be set up to train government officials, and a web-based grievance redress system will be developed for transport corporations and urban local bodies.
Yes, the loan builds upon past ADB policy-based programmes in 2012 and 2017 that supported West Bengal's public financial management reforms.
Yes, the loan is proposed to be supplemented by a $350,000 technical assistance grant for capacity building, monitoring of reforms, and integrating social and gender aspects.
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