Bangalore: The World Bank will provide $70 million (Rs 387 crore) loan to finance the Karnataka health systems development and reform project.
"The objective of the loan is to improve the health services delivery, public-private collaboration and financing particularly for the benefit of underserved and vulnerable groups in Karnataka," the bank said in a statement on Thursday.
An agreement for the assistance was signed by joint secretary in the finance ministry Prabodh Saxena, World Bank (India) operations advisor Michael Haney and state project administrator R Vishal in the national capital on Wednesday.
The project envisages strengthening of state-run health programmes, innovations in service delivery ad health financing, project management, monitoring and evaluation. "The project financing will be implemented till March 31, 2016," the statement added.
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