<h1>Uttarakhand and World Bank Sign $31.58M Loan to Boost Public Financial Management and Transparency.</h1> India, the government of Uttarakhand, and the World Bank have signed a $31.58 million loan agreement for the Uttarakhand Public Financial Management Strengthening Project. This initiative aims to enhance the state's financial systems, improve resource utilization, and bolster technical and financial management capabilities of local bodies and state-owned enterprises. The project will focus on enhancing accountability, revenue management, and transparency in budgeting and procurement. It will employ GIS technologies to strengthen revenue systems, benefiting Uttarakhand's citizens by ensuring more efficient public services. The loan has a 5-year grace period and an 11-year maturity.