Manmohan singh is a PM of india ,as result .
The World Bank can be considered the world's bank. Many governments (National and State) of various developing nations approach the world bank for monetary help with respect to various development project in their region. For ex: If the Chief Minister of the State of TamilNadu (India) plans on building a huge dam across one of its rivers and requires funding worth a few hundred crores of Rupees and does not have sufficient funding in his coffers, he can approach the world bank. He would have to submit a proposal with details of the plan along with details as to how he plans on repaying the borrowed money. If the World Bank feels that the plan will benefit the people of the state and also if they feel the state government will be able to repay the money loaned out, they will grant the loan.
An interest concession is a reduction, compared with commercial interest rates, in the interest rate charged on a loan taken out. Such concessions are typically provided directly by a government agency or by a government grant to a lending bank (in the case of a commercial loan).
the World Bank is an international financial institution that provides loans to developing countries. its official goal is the reduction of poverty. the believe is therefore that with the loan from the World Bank, these countries can effectively take part in international trade (pay for imports of good and or services) thereby developing their economy and hence poverty reduction which is the aim of the World Bank.
The interest rate will increase since there are fewer available funds for the bank to loan.
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Rs.17,00,00,00,000
india
india
bihar
Manmohan singh is a PM of india ,as result .
7.6 billion
vehicle a/c debit bank loan a/c credit
no
the asset which is kept as morgage with the bank at the time of taking loan is taken away by the bank
world bank
Bank loan is that amount which is taken from bank for daily working of business and liability of business to be paid in future.