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World Bank Approves USD 212.64 Million Loan for SHORE Project in Tamil Nadu and Karnataka.

Banking & Finance | Dated: 13 Sep 2025

In September 2025, the World Bank (WB) Board of Executive Directors approved a loan of USD 212.64 million under the Strengthening Coastal Resilience and the Economy (SHORE) Project to enhance coastal management in Tamil Nadu (TN) and Karnataka.

🎯 Key Highlights:

  • - The International Bank for Reconstruction and Development (IBRD), part of WB, provided the loan with a 23-year tenure, including a 6.5-year grace period.
  • - Includes training for 100,000 individuals (70,000 in sustainable tourism), conservation of 30,000 hectares of seascapes, grey/green infrastructure, and plastic waste management.
  • - TN was the first Indian state to ban single-use plastic in 2019, with India’s coastline spanning 11,000 km across nine states and two Union Territories, highly vulnerable to climate risks.

💡 Other Important Facts:

  • (i) The approval is part of the larger USD 850 million SHORE program, with USD 212.64 million allocated for Phase 1 to address India’s coastal challenges.
  • (ii) Tamil Nadu Green Climate Company (TNGCC) and Karnataka Eco Restoration Society (KERS) will implement the project with coordination through State Project Management Units (SPMUs).
  • (iii) The project directly benefits 100,000 people, with 120,000 more impacted through plastic reduction and conservation initiatives.

📚 Test Your Knowledge:

Recently, the World Bank approved a loan of how much amount for Phase 1 of the SHORE Project in Tamil Nadu and Karnataka?

Correct Answer: USD 212.64 million

🚀 Quick Recap:

About World Bank

  • President: Ajay Banga
  • Headquarters: Washington, D.C., United States