Explanation:

• The Karnataka Cabinet has approved a project titled ‘Rejuvenating Watersheds for Agriculture Resilience through Innovative Development (REWARD)’.
• The REWARD project is designed to ensure soil and water conservation in 20 taluks with low groundwater levels in Karnataka.
• The total cost of this project is Rs 600 crore.
• The World Bank will fund 70% of the project amount, which amounts to Rs 420 crore, whereas, 30% of the expenses (Rs 180 crore) will be borne by the state government of Karnataka.