Reports form Delhi An Agreement was signed between the World Bank Group (WBG) and the central Government of India for providing urban poor in the state of Tamil Nadu access to affordable housing.

The agreement signed has two projects under it-

(i) Tamil Nadu Housing Sector Strengthening Program and

(ii) Tamil Nadu Housing and Habitat Development Project.

The loans fapproved by the International Bank for Reconstruction and Development (IBRD) part of World Bank Group. The of loan 3.5 years grace period is 20 years.

Tamil Nadu Housing Sector Strengthening Program

As per the agreement, a loan of $ 200 million has been approved under the Program.

Tamil Nadu Housing and Habitat Development Project

This project, a loan agreement of USD 50 million has been approves as per the agreement.

World Bank signs agreement for 2 Projects in Tamil Nadu World Bank signs agreement for 2 Projects in Tamil Nadu