2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Government signed a 140 mn Euro loan Agreement with KfW for Energy Reforms in which state?
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Odisha
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Madhya Pradesh
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Kerala
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Tamil Nadu
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Explanation:
Detailed explanation-1: -The Government of India (GoI) and the German development bank KfW on Thursday signed agreements for a Euro 140 million reduced interest loan and Euro 2 million grant for an energy reform programme in Madhya Pradesh.
Detailed explanation-2: -The Kreditanstalt für Wiederaufbau (KfW) is an international organisation that works together with its partners in developing countries in order to identify projects/programmes which promote sustainable development.
Detailed explanation-3: -The funding models include pure grants and loans from budget funds, but also loans that combine budget funds and KfW’s own funds. The conditions for these kinds of loans are particularly favourable (interest, term).
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