The World Bank Tejaswini: Socioeconomic Empowerment of Adolescent Girls & Young Women (P150576) REPORT NO.: RES57660 RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF TEJASWINI: SOCIOECONOMIC EMPOWERMENT OF ADOLESCENT GIRLS & YOUNG WOMEN APPROVED ON JUNE 21, 2016 TO INDIA SOCIAL PROTECTION & JOBS SOUTH ASIA Regional Vice President: Martin Raiser Country Director: Auguste Tano Kouame Regional Director: Nicole Klingen Practice Manager/Manager: Cem Mete Task Team Leader(s): Pravesh Kumar, Shubha Chakravarty The World Bank Tejaswini: Socioeconomic Empowerment of Adolescent Girls & Young Women (P150576) ABBREVIATIONS AND ACRONYMS AGYW Adolescent Girls and Young Women DWCDSS Department of Women, Child Development, and Social Security GoI Government of India GoJ Government of Jharkhand IUFR Interim Unaudited Financial Report JWDS Jharkhand Women Development Society ESMF Environment and Social Management Framework FY Financial Year HR Human Resource IUFR Interim Unaudited Financial Report MIS Management Information System MTR Mid Term Review PDO Project Development Objective RF Results Framework SC Scheduled Caste ST Scheduled Tribe TPRM Tripartite Review Meeting The World Bank Tejaswini: Socioeconomic Empowerment of Adolescent Girls & Young Women (P150576) BASIC DATA Product Information Project ID Financing Instrument P150576 Investment Project Financing Original EA Category Current EA Category Partial Assessment (B) Partial Assessment (B) Approval Date Current Closing Date 21-Jun-2016 25-Aug-2023 Organizations Borrower Responsible Agency India Project Development Objective (PDO) Original PDO To improve completion of market-driven skills training and secondary education for adolescent girls and young women in select districts of Jharkhand. OPS_TABLE_PDO_CURRENTPDO Summary Status of Financing (US$, Millions) Net Ln/Cr/Tf Approval Signing Effectiveness Closing Commitment Disbursed Undisbursed IDA-58680 21-Jun-2016 23-Feb-2017 17-Apr-2017 25-Aug-2023 39.43 27.92 11.51 Policy Waiver(s) Does this restructuring trigger the need for any policy waiver(s)? No The World Bank Tejaswini: Socioeconomic Empowerment of Adolescent Girls & Young Women (P150576) I. PROJECT STATUS AND RATIONALE FOR RESTRUCTURING Project Status 1. The project development objective (PDO) of the Tejaswini – Socioeconomic Empowerment of Adolescent Girls Project is to improve completion of market-driven skills training and secondary education for adolescent girls and young women in select districts of Jharkhand. The progress towards achievement of the development objective (DO) and overall implementation progress (IP) are Moderately Unsatisfactory. As of August 2023, the Project has managed to disburse about $27.92 million (71 percent) against the total IDA allocation of $39.43 million. 2. There are no overdue audit reports for the Project. Rationale for Restructuring 3. This level 2 restructuring is being sought at the request of the Government of Jharkhand made through the letters from the Department of Economic Affairs, Ministry of Finance (vide letter No.10/10/2014-FB-V, dated August 24, 2023) forwarding the request for cancellation from Government of Jharkhand vide letter No. 1117/JWDS/Tej./320/2023 dated August 23, 2023. The request, which proposes a partial cancellation of US$5.00 million. II. DESCRIPTION OF PROPOSED CHANGES 4. As per abovementioned request from the Government of Jharkhand, the savings of US$ 5.00 million will be cancelled. III. SUMMARY OF CHANGES Changed Not Changed Cancellations Proposed ✔ Reallocation between Disbursement Categories ✔ Implementing Agency ✔ DDO Status ✔ Project's Development Objectives ✔ Results Framework ✔ Components and Cost ✔ Loan Closing Date(s) ✔ The World Bank Tejaswini: Socioeconomic Empowerment of Adolescent Girls & Young Women (P150576) Disbursements Arrangements ✔ Disbursement Estimates ✔ Overall Risk Rating ✔ Safeguard Policies Triggered ✔ EA category ✔ Legal Covenants ✔ Institutional Arrangements ✔ Financial Management ✔ Procurement ✔ Implementation Schedule ✔ Other Change(s) ✔ Economic and Financial Analysis ✔ Technical Analysis ✔ Social Analysis ✔ Environmental Analysis ✔ IV. DETAILED CHANGE(S) OPS_DETAILEDCHANGES_CANCELLATIONS_TABLE CANCELLATIONS Value Reason Current Cancellation New Ln/Cr/Tf Status Currency Date of for Amount Amount Amount Cancellation Cancellation LOAN Disburs IDA-58680- RESTRUCTUR ing&Re USD 39,430,000.00 5,000,000.00 24-Aug-2023 34,430,000.00 001 ING, COST paying SAVINGS OPS_DETAILEDCHANGES_REALLOCATION _TABLE REALLOCATION BETWEEN DISBURSEMENT CATEGORIES Financing % Current Allocation Actuals + Committed Proposed Allocation (Type Total) Current Proposed The World Bank Tejaswini: Socioeconomic Empowerment of Adolescent Girls & Young Women (P150576) IDA-58680-001 | Currency: USD iLap Category Sequence No: 1 Current Expenditure Category: GdNcsCsPGrntTUgrn,FSt,BSt,ioc,tr,Ws 39,430,000.00 27,921,760.69 34,430,000.00 70.00 70.00 Total 39,430,000.00 27,921,760.69 34,430,000.00 .