World Bank Loan for Assam Project

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An agreement for IBRD Credit of USD 35 Million from World Bank for “Assam State Public Financial Institutional Reforms Project” was signed at New Delhi.

The objective of the project is to improve predictability and transparency in budget execution and efficiency in tax administration in Assam.

The project will benefit the citizens of Assam through efficient processes, enhanced transparency and better service delivery (such as electronic payments and collections for services, better public procurement, and enhanced taxpayer services) provided by public institutions.

The programme size is USD 44 million, of which USD 35 million will be financed by the Bank, and the remaining amount will be funded out of State Budget. The programme duration is 5 years.

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