The Environment Minister Jairam Ramesh said, “The World Bank will give loan India $1 billion over the coming next five-seven years to clean up the Ganga River”. It has also committed to increase its lending to India to about $7 billion current year from an average $2.3billion in past four years.

India has sought quickly completion of the process of voice and quota reforms at the World Bank to increase the representation of emerging and country development, Finance Minister said.

According to a World Bank President Rober Zoellick and Minister Jairam, “Launching the project lender will also help India access $4 billion in funds for stopping dumping of untreated waste into the Ganga. The loans are one part of the banks 14$billion lending for Asia’s third largest economy over three years through 2012.

The World Bank to approved $4.3billion in loans for India to help infrastructure of finance building and to shore up the capital of few state-run banks as the economy recovers from the world financial crisis. “The World Bank has sought India’s support in boosting in capital base”, Finance Minister said.