The Maharashtra Strengthening Institutional Capabilities in Districts for Enabling Growth operation, which has been approved by the World Bank, will receive a loan of USD 188.28 million from the International Bank for Reconstruction and Development (IBRD).

The funding will be used to stimulate economic growth in the backward districts of Maharashtra, India. The loan has a final maturity of 15 years, with a 5-year grace period.

The main focus of the initiative is to enhance district planning and growth strategies, providing districts with the necessary data, financial resources, and expertise to optimize public spending for growth and job creation. In addition, the initiative aims to improve e-government services, particularly in the tourism sector, to encourage greater private sector involvement and create a more efficient interface between the public and private sectors.