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Kerala Expects Rs 3,596 Crore World Bank Loan For Rebuilding After Floods

Kerala Expects Rs 3,596 Crore World Bank Loan For Rebuilding After Floods
Damages to life and property in Kerala floods were in excess of Rs 30,000 crore, as per various agencies
Thiruvananthapuram: 

Kerala Chief Minister Pinarayi Vijayan, after a high level meeting in Thiruvananthapuram on Monday to discuss the 'rebuild Kerala' initiative in aftermath of the worst-ever floods that hit the state last year, indicated that the World Bank will provide a Rs 3,596 crore loan for rebuilding activities covering various sectors.

He said that the World Bank has, in principle, agreed to this sum, provided that state government also chips in 30 per cent which would work out to be around Rs 1,541 crore.

"From what we have gathered is that the World Bank sanction of the loan is expected to come in June, when this would be taken up in their meeting then. In the present fiscal, an amount of Rs 1541 crores would be utilized for rebuilding activities," Mr Vijayan added.

The disaster, which began with rains at the end of May last year and continued in three stages till the middle of August, had claimed 483 lives and at the height of the deluge, there were 14.5 lakh people in over 3,000 relief camps.

Various agencies had assessed the total damages to life and property in the deluge were in excess of Rs 30,000 crore.

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Kerala has been hit by the worst floods in a 100 years. The Kerala Government estimates Rs 21,000 crore will be needed to rebuild the state. The funds are required to rebuild hundreds of flooded villages, thousands of damaged and destroyed homes and 10,000 kilometres of ravaged roads.
 
This Onam as Kerala struggles to rebuild after the most devastating floods in a century, NDTV has organised a special telethon to raise funds for Kerala. We have specific goals - to enable the rebuilding of villages in the worst-affected districts and provide immediate assistance in terms of rehabilitation and food kits to people in the worst affected areas . All donations will go directly to our partner NGO Plan India.
 
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NDTV chose to report on this massive crisis with unwavering focus and commitment; having done that, now we look, as NDTV always does, to go beyond the news and make a difference to people's lives.

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