Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >World Bank Approves US$43 Million for Phase 1 of the Modernization of Rani Jamara Kulariya Irrigation Scheme
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Finance

    World Bank Approves US$43 Million for Phase 1 of the Modernization of Rani Jamara Kulariya Irrigation Scheme

    Published by Gbaf News

    Posted on July 19, 2011

    2 min read

    Last updated: January 22, 2026

    Add as preferred source on Google
    This image illustrates the significant market downturn triggered by the European Central Bank's inflation remarks and Facebook's 25% share drop. It highlights the global financial impact on stocks and investor sentiment.
    Graph depicting market decline following ECB and Facebook news - Global Banking & Finance Review

    The World Bank today approved an assistance package of US$43 million for the implementation of Phase 1 of the Modernization of Rani Jamara Kulariya Irrigation Scheme. The scheme, located in Kailali District in the Far Western Tarai Region of Nepal, is one of the most prominent Farmer Managed Irrigation Schemes in the country, with a total command area of 14,300 ha. It constitutes three independent, traditional irrigation systems constructed, operated, and managed by generations of farmers, mainly from the indigenous Tharu community. The Rani system dates back to 1896.
     
    In the first phase, the project will support the modernization of the irrigation system by substantially rehabilitating and upgrading the main and secondary irrigation and drainage systems and flood management infrastructure, and by training Water Users Associations to improve their ability to manage the water and maintain the infrastructure. It will also carry out a series of agriculture production support activities in the project area through demonstrations, farmers’ field schools, and other adaptive processes.
     
    “About 25,000 farming households comprising close to 160,000 people are expected to benefit directly from the project,” said Ellen Goldstein, World Bank Country Director for Nepal. “The project will improve the reliability of water supply and help farmers better manage risks associated with droughts, floods, and fluctuations in the availability of water during the agricultural seasons.”
     
    Nepal has a long tradition of farmer managed irrigation systems with a strong sense of ownership and farmer organizations are typically strong and dedicated to rural development.
     
    “Irrigation is only one input into agriculture,” said Joop Stoutjesdijk, Lead Irrigation Engineer at the World Bank. “It is equally important to develop appropriate cropping patterns and identify high value crops that provide better returns.”
    The Bank’s assistance package for the project will comprise a credit of US$23.6 million from the International Development Association (IDA), the World Bank’s concessionary lending arm, and an IDA grant of US$19.4 million. The credit portion carries a 0.75% service charge, a 10 year grace period and a maturity of 40 years.
     
    Contacts
     
    In Washington: Benjamin S. Crow,   (202) 473 5105,         bcrow@worldbank.org;
    In Kathmandu: Rajib Upadhya,         (977) 1 422-6792,     rupadhya@worldbank.org
     
    For Broadcast Requests: Natalia Cieslik, (202) 458-9369, ncieslik@worldbank.org
     

           
     

    More from Finance

    Explore more articles in the Finance category

    Image for Telecom Italia weighs early exit from INWIT contract, sources say
    Telecom Italia Weighs Early Exit From Inwit Contract, Sources Say
    Image for Libya's coast guards tow damaged Russian LNG tanker away from its shores
    Libya's Coast Guards Tow Damaged Russian Lng Tanker Away From Its Shores
    Image for UK supermarket Morrisons sales growth improves, alert to impact of Iran war
    UK Supermarket Morrisons Sales Growth Improves, Alert to Impact of Iran War
    Image for Germany unveils climate plan to cut emissions, fossil fuels
    Germany Unveils Climate Plan to Cut Emissions, Fossil Fuels
    Image for Sterling steady as traders remain cautious about efforts to end Iran war
    Sterling Steady as Traders Remain Cautious About Efforts to End Iran War
    Image for Dutch gas storage levels hit lowest level in years
    Dutch Gas Storage Levels Hit Lowest Level in Years
    Image for London's FTSE 100 climbs on prospects of Middle East ceasefire 
    London's FTSE 100 Climbs on Prospects of Middle East Ceasefire 
    Image for Analysis-Ukraine faces new Russian offensive as peace talks stall
    Analysis-Ukraine Faces New Russian Offensive as Peace Talks Stall
    Image for German army eyes AI tools to expedite wartime decision-making
    German Army Eyes AI Tools to Expedite Wartime Decision-Making
    Image for Hungary to curb gas flows to Ukraine until Druzhba oil flows resume, Orban says
    Hungary to Curb Gas Flows to Ukraine Until Druzhba Oil Flows Resume, Orban Says
    Image for NatWest to sell HR consultancy unit Mentor in streamlining push, Sky News reports
    NatWest to Sell HR Consultancy Unit Mentor in Streamlining Push, Sky News Reports
    Image for Italy's growth outlook darkens due to Iran conflict, business lobby says
    Italy's Growth Outlook Darkens Due to Iran Conflict, Business Lobby Says
    View All Finance Posts
    Previous Finance PostYou Are Out of Money and Bankruptcy Is the Only Option Left How to Go About IT
    Next Finance PostDo You Know What Bad Credit Exactly Is?