Explanation:

• The World Bank and Asian Infrastructure Investment Bank (AIIB) have approved loan worth USD 300 million (about Rs 2,190 crore) for canal-based drinking water projects in Punjab.
• The project will ensure quality drinking water and minimise water losses for Amritsar and Ludhiana.
• From the total project cost IBRD (World Bank) will co-finance USD 105 million, Asian Infrastructure Investment Bank will finance USD 105 million and the rest amount of USD 90 million will be financed by Punjab government.