Funds Under DRIP Scheme
19 JUL 2021 7:06PM by PIB Delhi
Dam Rehabilitation and Improvement Project (DRIP) is a State sector scheme formulated to bridge the funding gap and provide urgent finance to States for repair and maintenance of Dams. The scheme closed on 31st March, 2021. It facilitated loans from World Bank to participating states when they agreed to terms and conditions of the lending agency. Andhra Pradesh did not choose to be a part of it.
Next phase of DRIP i.e. DRIP Phase – II & III approved by Cabinet, is at an advanced preparatory stage. Government of Andhra Pradesh has expressed willingness to be a part of DRIP Phase -II & III and submitted an estimate for 667 crore to rehabilitate 31 dams. However, they are yet to fulfill Project Readiness Criteria of World Bank to merit sanction and disbursement of loan.
This Information was given by the Minister of State for Jal Shakti & Tribal Affairs, Shri Bishweswar Tudu in Rajya Sabha today.
(Release ID: 1736896)
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