Agriculture Risk Resilience and Insurance Access Program (WB-P165923)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 10, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of India
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 201.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 402.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 17, 2019

Disclosed by Bank Apr 24, 2018


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Project Description
<div>According to the bank document, the project's objective is to enhance farmer access and improve service delivery of the PMFBY crop insurance scheme in select states in India.</div>
Investment Description
  • World Bank (WB)

Government program cost US$ 27,000 million

Co-financing:
Borrowing Agency US$ 201 million

Contact Information

World Bank
Name : Anuradha Ray
Designation : Senior Financial Sector Specialist
Role : Team Leader(ADM Responsible)
Telephone No : 5785+79287
Email : aray2@worldbank.org

Name : Manivannan Pathy
Designation : Sr Agricultural Spec.
Role : Team Leader
Telephone No : 5785+47691
Email : mpathy@worldbank.org

Name : Vijayasekar Kalavakonda
Designation : Senior Financial Sector Specialist
Role : Team Leader
Telephone No : 5220+84624 /
Email : vkalavak@ifc.org

Borrower/Client/Recipient
Borrower : Republic of India
Contact : Bandana Preyashi
Title : Director
Telephone No : 00911123092345
Email : bandana.preyashi@gov.in


Implementing Agencies
Implementing Agency : Department of Agriculture, Cooperation & Farmers Welfare
Contact : Ashish Bhutani
Title : Joint Secretary
Telephone No : 00911123389208
Email : jscc-agri@gov.in

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx .