The Government of India (GoI), and the World Bank signed loan agreements of USD 115 million.
This is to implement the “Rejuvenating Watersheds for Agricultural Resilience through Innovative Development” (REWARD) Project in the states of Karnataka and Odisha.
This project is an initiative of the Department of Land Resources (DoLR), the Ministry of Rural Development (MoRD), and the World Bank.
It is proposed as a 6 years project, from 2021 to 2026.
It is one of the largest watershed management programs in the world.
It will be funded in 70:30 proportion, 70% assistance will be provided by the World Bank and 30% by the State Governments.