World Bank Approves USD 300 Million Loan to UP for Clean Air Transition
In March 2026, the World Bank(WB) signed an agreement to provide a loan of approximately USD 300 million to Uttar Pradesh (UP) to support the state’s Clean Air Plan and facilitate a clean air transition.
Key Details of Loan:
Signatories: The agreement was signed by Juhi Mukherjee, Joint Secretary in the Department of Economic Affairs(DEA), Ministry of Finance(MoF); B Chandrakala, Chief Executive Officer(CEO), Clean Air Management Authority and Secretary of Forest, Environment and Climate Change on behalf of the Government of UP; and Paul Procee, Acting Country Director, India on behalf of the WB.
Loan Tenure: The loan has a maturity of 10 years, including a grace period of 2 years, and will receive support from the multi-donor Energy Sector Management Assistance Program (ESMAP).
Regional Context: The program is part of the WB’s Regional Air Quality Management Program in the Indo-Gangetic Plains and Himalayan Foothills (IGP-HF), a global air pollution hotspot.