The government of India launched the Prime Minister’s Rural Roads Program (PMGSY) on December 2000 as a centrally sponsored scheme to provide all-weather access to unconnected eligible rural habitations. By improving the connectivity of these habitations, the PMGSY hopes to accelerate agricultural and rural economic growth and thereby reduce poverty more rapidly and inclusively.
Viet Nam has some of the highest levels of public expenditure on infrastructure and services in Southeast Asia. Yet, higher government expenditure was not always directly associated with improved outcomes.
Assam, known for its large tea and petroleum industries, has the largest economy in the northeastern region of India. But it has lagged behind the rest of India in terms of growth and investment climate. Its economic activities have been significantly constrained by inadequate power supply and limited access to electricity.
Bhutan is endowed with abundant natural and renewable energy resources. However, its mountainous terrain and the resulting difficulties in extending the grid have prevented a large percentage of the rural population from accessing clean energy.
In October 2014, the Asian Development Bank (ADB) approved a $500 million multitranche financing facility (MFF) for the Clean Energy Finance Investment Program for India. The MFF was to be extended to a financial intermediary, the Indian Renewable Energy Development Agency Limited (IREDA), categorized by the Reserve Bank of India as a non-deposit-taking systemically important nonbanking financ
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