Explanation:

• The Government of India, the Government of West Bengal and the Asian Infrastructure Investment Bank (AIIB) has inked a loan agreement worth US$145 million to improve irrigation services and flood management in the Damodar Valley Command Area (DVCA) in West Bengal.
• The loan sanctioned under West Bengal Major Irrigation and Flood Management Project will benefit about 2.7 million farmers from five districts of West Bengal across 393,964 ha area.