Question

    Which institution is responsible for funding the Dam

    Rehabilitation and Improvement Project (DRIP)?
    A Asian Development Bank Correct Answer Incorrect Answer
    B World bank Correct Answer Incorrect Answer
    C Asian Infrastructure Investment Bank Correct Answer Incorrect Answer
    D Both b & c Correct Answer Incorrect Answer

    Solution

    The project was launched in 2012 by the Central Water Commission (CWC). This project is being funded by the World Bank as well as the Asian Infrastructure Investment Bank (AIIB). In 2021, only 4 states were a part of this project: Madhya Pradesh, Orissa, Kerala, and Tamil Nadu Moving forward, 3 more states/organisations joined this rehabilitation program: Karnataka, Uttaranchal Jal Vidyut Nigam Limited, and Damodar Valley Corporation.

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