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Japan International Cooperation Agency signs loan agreements for West Bengal projects

Rs 520 crore loan agreement signed for forest and biodiversity conservation for climate change response

PTI Published 29.03.23, 05:10 PM
For representational purposes

For representational purposes File photograph

Japan International Cooperation Agency (JICA) said it has signed a loan agreement with India to provide a Japanese Official Development Assistance (ODA) loan amounting to Rs 520 crore for the Project for Forest and Biodiversity Conservation for Climate Change Response in West Bengal (WB-FBCCCR).

The objective of the project is to mitigate and adapt to climate change and conserve and restore ecosystems by adopting ecosystem-based climate change measures, biodiversity conservation, livelihood improvement activities and institutional strengthening, thereby contributing to the sustainable socioeconomic development in West Bengal.

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JICA on Wednesday also stated that it has signed a loan agreement with India to provide a Japanese Official Development Assistance (ODA) loan amounting to Rs 1,056 crore for the Rajasthan Water Sector Livelihood Improvement Project (II).

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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