June 27, 2024
Ms. Manisha Sinha
Additional Secretary (OMI, Crypto & FB)
Department of Economic Affairs (DEA)
Ministry of Finance
Government of India
North Block
New Delhi - 110 001
Dear Ms. Sinha:
INDIA: Uttarakhand Workforce Development Project
(IBRD Loan no. 8877-IN)
Partial Cancellation of Loan Proceeds
We refer to the Loan Agreement (“Loan Agreement”) between India (“Borrower”) and the
International Bank for Reconstruction and Development (“Bank”) and to the Project Agreement (“Project
Agreement”) between the Bank and the State of Uttarakhand (“Project Implementing Entity”) both dated
September 18, 2018, as amended, for the Uttarakhand Workforce Development Project (“Project”).
We also refer to the letter No. 10/7/2014-FB-V, dated May 2, 2024, and received on May 3, 2024,
from the Department of Economic Affairs, Ministry of Finance, requesting the Bank to cancel an amount of
thirteen million nineteen thousand United States Dollars (US$13,019,000) from the Loan.
In view of the foregoing and pursuant to the provisions of Section 7.01 of the General Conditions
(as defined in the Loan Agreement), the Bank hereby cancels, as of May 3, 2024, an amount of thirteen
million nineteen thousand United States Dollars (US$13,019,000) from the total Loan proceeds.
Consequently, the table in Section IV.A.2 of Schedule 2 to the Loan Agreement is amended as outlined in
the Annexure attached hereto. The commitment charges on the total amount cancelled cease to accrue from
May 3, 2024.
Yours sincerely,
Auguste Tano Kouame
Country Director, India
Enclosure: Annexure I - Revised Withdrawal Table
India Country Office, 70 Lodi Estate, New Delhi 110 003, India
P.O. Box 416, Phone: +911141479301 / +911149247601
Ms. Manish Sinha -2- June 27, 2024
Annexure I
Attachment to the Bank’s Letter dated June 27, 2024
INDIA: Uttarakhand Workforce Development Project
(IBRD Loan no. 8877-IN)
Revised Withdrawal Table
Category Amount of the Loan Allocated Percentage of
(expressed in USD) Expenditures to be
financed
(inclusive of Taxes)
(1) Eligible Expenditures Program under
51,900,000 80%
Components 1 and 2 of the Project
(2) Goods, non-consulting services,
consultants’ services, Incremental
Operating Costs, and Training and 2,096,000 80%
Workshops under Component 3 of
the Project.
Amount payable
pursuant to Section
(3) Front-end Fee 185,000 2.03 of this Agreement
in accordance with
Section 2.07 (b) of the
General Conditions
Amount due pursuant to
(4) Interest Rate Cap or Interest Rate
0 Section 2.08(c) of this
Collar premium
Agreement
Amount Cancelled as of August 13, 2020 6,800,000
Amount Cancelled as of May 3, 2024 13,019,000
TOTAL AMOUNT 74,000,000
Ms. Manish Sinha -3- June 27, 2024
cc:
Mr. Parameswaran Iyer, Executive Director (India), World Bank
Mr. Hemang Jani, Senior Adviser to Executive Director, World Bank
Mr. Anil Das, Adviser to Executive Director, World Bank
Government of India
Mr. Rajesh Kumar, Deputy Secretary (WB), DEA, Ministry of Finance
Dr. Punit Kumar, Joint Director, DEA, Ministry of Finance
Ms. Juhi Mukherjee, Controller of Aid, Accounts and Audit, DEA, Ministry of Finance
Government of Uttarakhand
Ms. Radha Raturi, Chief Secretary, Government of Uttarakhand
Mr. Dilip Jawalkar, Secretary Finance, Government of Uttarakhand
Mr. V. K. Yadav, Secretary, Department of Skill Development and Employment, Government of
Uttarakhand
Mr. J.M Negi, Deputy Director, Directorate of Training, State Project Implementation Unit, Government of
Uttarakhand
Ms. Manish Sinha -4- June 27, 2024
Cleared by – Ahmad Shakeeb Safai, Counsel, LEGAS, Victor Ordonez, Senior Finance officer, WFACS.
bcc: Messrs/Mmes: India CMU General; Mundra (WFACS); Sridharan (ESAG1); Inoue; Sharma,
Nikolaev (HSAED); Sood, Krishnamurthy (ESAG1); Senapati (ESARU); Jain (SSAEN); Dogra (SSAS2);
Sachdev, Talukdar; (SACIN).
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