India - Integrated Watershed Development (Hills) Project

Docunent of The World Bank FOR OFFICIAL USE ONLY AV ~3/7 7- / c-/ 2 / 62C)- /4/ Report No. P-5187-IN MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION AND INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT OF SDR 56.8 MILLION (uS$ 75.0 MILLION EQUIVALENT) AND LOAN OF US$ 13.0 MILLION EQUIVALENT TO INDIA FOR AN INTEGRATED WATERSHED DEVELOPMENT (HIILLS) PROJECT FEBRUARY 7, 1990 This document bas a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRZNCY EQUIVALZNTS US$ 1 - Rupees (Rs) 16.50 Rupees (Rs) 1 - US$ 0.0606 FISCAL YEAR GOI, States - April 1 to March 31 WEIGHTS AND MMASURES The metric system is used throughout the report LIST OF ABBRZVIATXONS AND At*ROYMM AI - Artificial Insemination CPRM - Common Property Resource Management DLCC - District Level Coordination Committee FRG - Federal Republic of Germany GOI - Government of India GOS - State Governments HP - Himachal Pradesh J&K - Jammu & Kashmir MOA - Ministry of Agriculture, GOI MTR - Mid-Term Review NARP - National Agricultural Research Project NGO - Non-Government Organization SLSC - State Level Steering Committee SOE - Statement of Expenditure wPIO - Watershed Planning and Implementation Office-Project States M Million GLOSSARY KHARIF - Monsoon Season RABI - Drier, Winter Season CHOE - Seasonal Stream  FOR OFFICIAL USE ONLY INDIA INTEGRATED WATERSHED DEVELOPMENT (HILLS) PROJECT LOAN/CREDIT AND PROJECt SUMMARY Borrower: India, Acting by its President. Ezecuting Agencies: The Watershed Development Council (WDC) of MOA, and the State Governments of Haryana (GOH), Himachal Pradesh (GOHP), Jammu and Kashmir (GOJK), and Punjab (GOP). Amount: IBRD Loan: US$ 13.0 million equivalent IDA Credit: SDR 56.8 million (US$ 75.0 million equivalent) Terms: IBRD: 20 years, including 5 years grace period IDA: standard, with 35 years maturity on-T.erd4"er TgrmLt: GOT would on-lend loan/credit proceeds to the four participating states under prevailing tcrms and conditions. GOI would assume the foreign exchange risk. Total (US$ Million) Financing Plan: Participating states 29.0 Beneficiaries 8.6 IDA (SDR 62.5 million) 75.0 IBRD 13.0 Total 125.6 Economic Rate of Return: 17% Staff Appraisal Report: Report No.8202-IN Map: IBRD 21865 This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION AND THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EXECUTIVE DIRECTORS ON THE PROPOSED CREDIT AND LOAN TO INDIA FOR THE INTEGRATED WATERSHED DEVELOPMENT (HILLS) PROJECT 1. The following memorandum and recommendation on the proposed Dev4lopment Credit of SDR 56.8 million (US$ 75.0 million equivalent) and Loan of US$ 13 million to India is submitted for approval. The Credit and Loan would both be on standard terms, the IDA credit with 35 years maturity and the Bank loan with 20 years, 5 years grace to help finance an Integrated Watershed Development (Hills) Project. 2. Background: India is the world's second most populous country wizh a population exceeding 800 million, and growing at an average rate of 2.2% per year. About 65% of the labor force is employed by the agriculture sector. Agriculture accounts for about 37% of GDP and 25% of exports. Agriculture production has increased steadily at an annual rate of about 2.5% from 1971 to 1984, but lower than the GDP annual growth rate of 4.5% over the same period. Despite these impressive growth rates, there has been only marginal reduction in the high incidence of poverty and under-employment, especially in the rural areas. To attain India's long run objective of 6% overall GDP annual growth and improved incomes in the rural areas, accelerated agricultural growth will be an essential element, particularly in the rainfed sector which has still a lot of potential for improvement. Rainfed farming is receiving increased attention, because of its importance in food production for about half of the rural population. A key element of the Government agricultural strategy, as set forth in the Seventh Five Yea. Plan (1985-90; and tha f.a.,.wvrk paper for the eighth plan (1990-95) is to stabilize natural resources systems in the rainfed sector. Investments would be directed towards treatment of watersheds, with the objective of increasing their capacity for producing food crops, fodder and fuelwood, and protecting the land from further degradation. The Bank has previously supported three projects (Cr.1424 and Loans 1897 and 2295) in the watershed areas which have applied an integrated approach for treating the degraded lands. The Bank has also financed Social Forestry projects, all geared to protecting the environment and enhancing its productive capacity. The performance of these projects varied considerably. In places where alternative methods for soil and moisture conservation were used, for example the use of vejetative barriers in combination with contour cultivation, success has been recorded. While this could be a breakthrough in stabilizing rainfed farming, technology for treating non-arable lands is still in the initial stage of development. 3. Rationale for Bank Involvement. The Bank's assistance strategy to India is to support policies and investments that will encourage economic growth and poverty alleviation in a context of macro economic stability. The emphasis is on efficient resource allocation, increased efficiency in the public sector and the appropriate targeting and delivery of support systems to the poor. An increasingly important element of the strategy is to promote sustainable programs, especially in agriculture, that will protect and enhance the natural resource base. The project clearly fits within this strategy with the majority of beneficiaries being the rural poor of a relatively neglected, poorly endowed and degenerating area. 4. Treating the severely degraded sub-watersheds (clusters of contiguous forest, non-arable and arable lands falling for the most part, into a common catchment) will help conserve the basis for survival and the production for future generations. It will help increase present yields of crops, horticulture, forest, fodder and livestock and thus benefit poor small  - 2 - holde.s, landless people and livestock owners. It will also reduce erosion damage caused to roads, bridgea and farm land. Bank involvement will heLp also promote the technical, organizational and institutional adjustments which are needed for the integrated approach in resourue management. A companion project in the plains areas is beins prepared. 5. ProILnt nbWCtivam. The project aims to slow and, reverse degradation of the natural environment through the use of appropriate soil and moisture conservation methods, and thereby improve the production and income from grain crops, horticulture, fodder, fiber, fuelwood and livestock. It will also reduce flooding and other devastations caused by the degradation in both the Project area and adjacent plains. The aim will be to lay the foundation for sustainable increases in production to keep pace with the population growth. The project would promote known technologies and verify others, develop approaches for coordinated interactive planning, and strengthen the management and use of non-arable lands. 6. Pr,gept fctriLtion. The project will provide resources to the participating states of Jammu and Kashmir, Haryana, Himachal Pradesh and Punjab to treat and conserve the resource base of the sub-tropical Shivaliks and the temperate Karewas in selected sub-watersheds, which include several micro-watersheds. Funds under the project would also be used to (a) promote vegetative rainfed farming technologies in the districts implementing the project, but outside the sub-watershed; (b) treat the upper catchment of the watersheds in Punjab; (c) involve State Agricultural Universities in carrying cut on-fa- appli_cd _ezz . to rafin6t ,&at.er.ata ua6d in Lnh bub-watersheds, and (d) strengthen the capacity of participating states to plan, coordinate, execute, monitor and evaluate watershed development efforts and enhance the capacity of village institutions to manage non-arable lands. Project funds will be used for field operations in treating the arable and non-arable lands, for civil works, for offices and staff housing, vehicles, equipment and incremontal staff and other operating costs. Other project components include: a) Nursery Development - To ensure that an adequate supply of planting material is available for treating degraded lands, nurseries for grass, forage species and for horticulture and tree seedlings would be established; b) Training - The project would strengthen training facilities at Ballowal Saunkheri and Ludhiana in Punjab by providing funds for equipment and training materials and improvements in offices and housing. The facility at Ballowal Saunkheri would provide training to officials from participating states in interactive planning, demonstrate treatments for arable and non-arable lands and would be used as a retreat center for states to exchange experience in integrated watershed resource management. The facility at Ludhiana would be used to train officials from participating states in interpreting aerial photos and imagery and in using geographic information system for planning purposes. c) Technical Assistance - The project would provide funds for technical assistance to train and assist participating states in interdisciplinary and interactive watershed planning and in establishing village organizations including women groups for sustained management of common property resources.  - 3 - 7. Part of the proposed project would be carried out in the state of Jammu and Kashmir, which includes areas over which India and Pakistan have been in dispute since 1947. In making the proposed Loan/Credit to India, the Bank does not intend to prejudice the final determination of the claims of the parties involved. 8. Project Costs and Financing. The total project costs is estimated at US$ 125.6 million which includes US$ 4.7 million in duties and taxes, and US$ 30.1 million in physical and price contingencies. A breakdown of costs and financing plan are shown in Schedule A. Procurement categories and disbursement percentages and projections are shown in Schedule B. A time table of key processing dates and status of Bank Group operations in India are attached as Schedule C and D. A map showing the project area is also attached. The Staff Appraisal Report is being distributed separately. 9. Actions Agreed. The project includes several actions relating to various components on which understandings have been reached with participating states. Main agreements reached at negotiations are summarized below: a) GOI will appoint consultants not later than December 31, 1990 to train staff of participating states in interactive planning, assist them in preparing such initial plans and advise on the formation of village organization. b, Participating states would establish Dam Review Panels in accordance with Bank's Terms of Reference and standards for the design and construction of water harvesting tanks would be acceptable to the Bank/Association. c) State Governments would make adequate provisions in their budgets to cover incremental recurrent costs of implementing agencies during the life of the project. d) Disbursements of loan/credit proceeds to a participating state would be made after the individual State Government has met the following conditions: (i) establishment of project offices and associated committees; (ii) appointment of Head of the project with qualifications acceptable to the Bank/Association; and (iii) appointment of an independent agency for baseline surveys and for project evaluation. e) Implementation of additional sub-watersheds/additional micro- watersheds would depend on satisfactory performance of individual participating states in implementing initial sub-watersheds. f) State Governments would cause project and line department staff to interact with village representatives and agree on the choice of treatments and on cost and benefit sharing arrangements. Also State Governments would recover from beneficiaries of sub-watershed treatments at least 10% of the cost of treatment.  - 4 - 10. DeaefLL. The project is designed to help alleviate one of India's worst envixonmental problems -- watershed degradation. The project would treat and protect the sub-tropical Shivaliks and the temperate Xarewas areas from further degradation and in the process would increase the production of food crops (wheat and maize) by about 224,000 tons, and fuelwood, fodder, and fiber, all valued at US$ 40.0 million over the project period. It would create substantial employment opportunities for landless, women and livestock owners. To make the protection of common property resources sustainable, the project would introduce interactive planning with beneficiaries through suitable institutional arrangements to enlist their commitment and involvement. This will facilitate reaching agreements between implementing units and beneficiaries in the cost and benefit sharing arrangements. 11. The economic rate of return for the overall project is estimated at 17%. Financia] benefits to farmers, the landless and women are adequate to substantial. The project is also expected to improv^ the environment greatly. 12. Risks. The project faces one major risk which is associated with the scale of operation. Although the technology of vegetative soil and in-situ moisture conservation has been tried elsewhere in India and was found to be successful, it has not been replicated in a wide area, as proposed under the project. It will need to be demonstrated that the technology can still be sustained. However, with government support, including a provision for mid- term review, and with built-in safeguards in the project for sustained management of the common property lands, and retroactive financing up to US$ 3 million, to expedite start-up activities, the project has a good chance of succeeding. 13. The reasons for going ahead in the face of these difficulties underscores the necessity of coming to terms with important problems of natural resource conservation. An integrated watershed approach promoted under the project would appear to be best suited to treat these complex issues. Also, the project represents the next step in an important joint learning process, and should generate improved awareness both of the problems and possible solutions. 14. Recommendation. I am satisfied that the proposed loan and credit would comply with the Articles of Agreement of the Bank and Association respectively and recommend that the Executive Directors approve the proposed loan and credit. Barber B. Conable President Attachments Washington, D.C. February 7, 1990  -5- Schedule A INDIA IXTZGRATZD WATERSHZD DZVULOPHXET (NZLL8) PROJECT Rattimatfld iract Costma Ade r1nAnnEing Plan Components Local Foreign Total -----(USS mAllion) ----------- Initial Sub-watersheds 28.3 1.4 29.7 Additional Sub-watersheds and Micro-watersheds 38.5 2.0 40.5 Technology Improvement and Application 2.7 0.1 2.8 Project Implementation 20.3 1.3 21.6 Central Support 0.5 0.3 0.8 Total Bass Costs 90.4 5.1 95.5 Physical Contingencies 15.1 0.8 15.9 Price Contingencies 13.0 1.2 14.2 Total Project Costa 1/ 118.5 7.1 125.6 Financing Plan Local Foreign Total --------------(USS million) ----------- Participating States 29.0 0.0 29.0 Beneficiaries 8.6 0.0 8.6 IDA 67.9 7.1 75.0 IBRD 13.0 0.0 13.0 Total 118.5 7.1 125.6 1/ includes taxes and duties of US$ 4.7 million  -6- Schedule B INDIA INTEGRATED WATERSHED DEVELOPMENT (HKILS) PROJECT Procurement Method and Disbursements Category iLca OTHERE TOTAL ----------------------US$ m-------------------- Civil works - 15.9 - 15.9 (12.7) (12.7) Equip.and Furn. 1.1 - - 1.1 (0.4) (0.4) Field Opera'_ions - 85.4 - 85.4 (59.8) (59.8) Livestock Program - 0.4 - 0.4 '0.2) (0.2) Vehicles 0.6 - - 0.6 (0.4) (0.4) Technical Assist. - 1.8 - 1.8 (1.8) (1.8) Training - - 1.1 1.1 (1.1) (1.1) Incremental operating Costs - - 19.3 19.3 (11.6) (11.6) Total 1.7 103.5 20.4 125.6 (0.8) (74.5) (12.7) (88.0) Disbursement Category Amount Percent of Expenditure (US$ million) Civil Works 12.7 80 Vehicles,Equip.and 0.8 50 Furniture Field Operations 60.0 70 Technical Assistance and Training 2.9 100 Operating Costs 11.6 60 Total credit/loan 88.0 Estimated Disbursements FY90Q E91 EX2Z FY93 EFY9 FY95 FY96 FY97 (US$ million) Annual 4.0 8.0 12.0 15.0 16.0 12.0 11.0 10.0 Cumulative 4.0 12.0 24.0 39.0 55.0 67.0 78.0 88.0  -7- Schedule C INDIA INTEGRATED WATZRSHED DVEVLOPMENT (HILLS) PROJECT Timetable of Key Project Processing Events (a) Time taken to prepare 15 months (approx.) (b) Prepared by : Governments of Haryana, Punjab, Himachal Pradesh,and Jammu and Kashmir. (c) First IDA/IBRD mission : September 1988 (d) Appraisal mission: June/July 1989 (e) Negotiations : January 16, 1990 (f) Planned date of effectiveness June 29, 1990  SceHDULE 0 PACE l. of 4 THE STATUS P BANK GROU OPERATIONS IN INDIA A. S'ATEMENT OF BAK LOANS AND IDA CREDITS __. ..... _____ .............. ,._----------_-_______ (As of September 30, 1909) US$ Million (not of cancellations) Loon or Fiscal Year -.-------------------------------- Crodit No. of Approval Purpose t130 IDA 1/ Undisburoed 2/ .____. ...................... _______-_---._-_.-------- -------- ... --------- __._ ._ ..... _... ..... ................ _ 63 Loans/ 4157.0 - 144 Credits fully dlibused - 9973.2 1001-IN 1900 Taml Nadu Nutrition - 32.0 1.609 a 10U1-IN 1990 Gujarat Irrigation tI - 171.0 1.a0 a 1027-1N 1903 Sinronuli Thermal It - 300.0 7.16 a 1117-IN l030 Farnkks Thermal Power 21.0 - 12.46 S 118-DIN 191t M.P. Agrcultural Eat. It - 37.0 3.75 a 1172-DN 1902. Korb Thermal Power tS - 400.0 40.61 1177-DM 1902 Madhya Pradesh Major Irrlgatlon - 220.0 W.t7 1170-IN 192 West C8eall Social Forestry - 29.0 0.77 2076-SN 1902 Raagundam Thermal Power it 300.0 - 64. " 1210-tN 1012 Andbhr Pradesh Agricultural Ext. - 6.0 0.34 a 2156-IN 1902 Kallade Irrigation 20.3 0.23 a 1260-IN t9o Oujoaot Water Supply - 72.0 45.09 1236-ZN 1918 Jammu/Kasheir and Haryona Social Forcotry 3 .0 1231-IN 1n0 Chambal Madhya Pradesh Irrigatlon II - 31.0 2.77 a 2210-VN 1t3" Railwaodrri10tion Ma;nt.nance S; 200.0 - 2t.72 1319-iN 10ss Haryana Irrigation It * 10.0 60.68 1332-.N 1903 U.P. Public Tubeelle r * 101.0 11.51 1356-IN 10os Upper Indravatl Nydro Power - 170.0 73.12 2271-rN 1908 Upper tadravati Hydro Power 1U0.4 - 156.01 1369--IN in9 Calcutta Urban Dovelopment III * 147.0 09.46 2233-IN 1908 Contral Power Transmisioon 2W.7 - 210.25 2205-1N 003 Himalayan Watershed Mongagnt 46.2 - 32.94 1383.-N 19os Moharashtes Water Utilization - 32.0 7.93 2308-tN 1903 Maharashtra Water Utilization 22.7 - 22.64 2329-N 19113 Madhya Predesh Urban 24.1 - 13.609 1424-IN 1lO4 Rainfed Areas Waterohed Dcv. - 31.0 31.84 1426-IN 1904 Population II - 70.0 47.09 1432-IN 1934 Karnotaka Social Forestry - 27.0 12.74 23t7-ZN 1904 Nhave Shove Port 250.0 - 66.41 2393-IN 1034 Dudhichus Coal 161.0 - 91.91 2403-IN 1904 Cambay Besn Petroloum 213.3 - 104.95 2416-tN 194 Madhya Pradeh Fertilizer 203.6 - 46.33 1454-rN t904 Tamll Nadu Water Supply - 36.1 21.41 SF-12-IN 104 Tamil Nadu Water Supply - 36.5 46.03 1468-IN 1964 Perlyae Vaigal SI Irrigation . - 17.6 0.79 SF-b-IN 1034 Porlyar Vaigoi II Irrigation - 17.6 14.0t 1483-rN 1904 Upper Congo Irrigation - 125.0 115.72 1490-IN 1934 ujorat Medium Irrigation . 172.0 116.80 2416-IN 1904 Indire Staover Hydroelectric 17.4 - 12.50 SF-20-ZN 104 Indira Sarovor Hydroelectric - 13.6 15.95 1013-IN 1925 Indira Sorovar Hydroelectrie - 13.2 15.82 2417-IN 1934 Railways Electrification 230.7 - 120.53 2442-IN 1964 Farskka It Thermal Power 300.8 - 236.19 2452-IN 1984 Fourth Trombay Thermal Power 135.4 * . 24.21 1502-IN 1094 Notionui Cooperative Development Corporation III - 220.0 183.08 1514-IN 1966 Kerala Social Forestry - 31.8 23.22 1623-IN 1N96 Notional Agric. Extension t - 39.1 41.85 1644-IN 1085 Bombay Urban Dovelopment - 138.0 124.90 ..... .........Fn di re tbi p...______ &/ Final disbursements b ing processed.  -9 - SCH4EDULE 0 PAGE 2 of 4 US3 Million (net of cancellations) Loan or Fiscal Year --------------._-T -------- Credit No. of Approval Purpose lORD IDA 1/ Undiaburd 2/ --__ ______ _ ____--- --_---- --_--------------- - ---- -------- -___________ 2497-IN l985 Namardu (Cujarst) Dam and Power 200.0 - 200.00 1562-IN 1985 Narmada (Gujarat) Dam and Power - 100.0 90.63 1663-IN 1986 tlrmada (Gujarat) Canal _ 160.0 169.9C 1600-IN 1985 Socond Notional Agricultural Ext. - 49.0 41.73 1011-IN 1986 National Soctial Forestry - 166.0 131.60 2492-IN 1966 Jhorla Coking Coal 246.0 - 205.16 2606-IN 1986 Maharashtra Pttrochemi4als 300.0 6 57.64 2634-IN 1966 Second Notional Highwaye 200.0 - 169.00 2544-IN 19065 Chandropur Thermal Power 300.0 - 199.01 2666-IN 1986 Rihand Power Transmission 260.0 - 116.43 25682-IN 1986 Kerala Power 170.0 - 168.95 1619-IN 1986 West Bengal Minaor Irrigation - 99.0 121.18 1621-tN 19Ws Wohersshtre Composite Irrigation - 160.0 189.81 1022-IN 1988 ;aral* Water Supply and Sanitation - 4:.0 44.02 1823-IN 1986 West Bengal Population - 61.0 46.71 1631-IN 19"6 Notional Agricultural Research II - 72.1 72.65 2629-IN 19SJ Industrial Export Dcv. Finance 90.0 - 66.99 2630-IN 196 ICICI-Indus. Exp. Dev. Finance 160.0 - 97.53 1643-IN 1066 Gujarat Urban - 62.0 67.67 2063-IN 19dS NABARO I 376.0 - 57.49 2660-IN 1986 Cemwnt Industry 165.0 - 100.60 2661-IN 1086 ICICI - Cemnt Industry 35.0 - 26.91 1866-IN 1968 Andhra Pradesh IS Irrigation - 140.0 167.46 2682-IN 1986 Andhra Pradesh II Irrigation 131.0 - 131.00 2674-IN 196 Combined Cycle Power 485.0 - 194.06 02729b- !98- Ceemreat!ve Fertilizer 1E0.2 - 6.5 2730-IN 198 Cooperative Fertilizer 145.0 - 66.97 1737-IN 1067 Bihor Tubowello - b6.0 66.52 2769-IN 1087 Bombay Water Supply A Sewerage UI 40.0 - 40.00 1750-IN 16 Buombay Water Supply & Seworase III - 146.0 113.36 1754-IN 1987 National Agric. Extension III - 86.0 77.43 1787-IN 1*67 Oujorat Rural Roads - 119.6 119.34 1770-IN 1987 Notionol Water Management - 114.0 106.65 2786-IN 1987 Oil India Petroleum 140.0 - 11S.42 2796-IN 108? Coal Mining A Quality Improvement 340.0 - 161.75 2813-IN 1987 Tolocommunications IX 327.0 - 192.88 2797-IN 1907 Utter Pradesh Urban Development 20.0 - 20.00 1780-IN 1987 Uttar Pradesh Urban Development - 130.0 120.16 2827-IN 1987 Karnataka Power 330.0 - 314.48 2844-IN 1987 Notional Capital Power 486.0 - 403.29 2845-IN 1987 Talcher Thermal 375.0 - 350.63 2846-IN 1987 Madras Wator Supply 53.0 - s3.00 1822-IN 1987 Madras Water Supply - 16.0 6.20 2893-IN 1986 National Dairy IS 200.0 - 200.00 1369-IN 1986 National Dairy tS - 160.0 103.70 2904-IN 1986 Western Gas DOvelopment 283.3 - 194.31 2928-IN 19na Indus. Fin. A Tech. Aset. 360.0 - 300.80 2929-IN 19" Housing 0ev. Finance Corp. 250.0 - 124.95 2936-IN 1968 Railway Modernization III 390.0 - 380.00 2938-IN 198 Karnataka Power II 200.0 - 239.69 2967-IN 1986 Uttar Pradesh Power 360.0 - 324.70 1923-IN 1988 Tamil Nadu Urban Oev. - 300.2 247.41 1931-IN 1988 Bombay A Madras Population - 57.0 49.S4 2994-IN 1989 States Roads 170.0 - 170.00 1969-IN 1989 States Roads - 80.0 81.64 3024-IN 1989 Nathpa Jhakri Power * 486.0 - 485.0) 1952-IN 1989 National Seeds III * - 150.0 138.54 3044-IN 1989 Petroleum Transport o 340.0 - 340.00 2008-IN 1989 Vocational Training - 250.0 215.57 3043-IN 1989 Vocational Training 30.0 - 3C.C3 2010-IN 1989 Upper Krishna Irrigation II - 160.0 133.24 3060-IN 1989 Upper Krishna Irrigation II 165.0 - 185.00 3068-IN 1Y89 Export Development 120.0 - 1I0.C0 3069-IN 1989 ICiCI - Export DOevelopment 17S.0 - 175.C0  SCHEDULE O - 10 -....... - .LU - ~~~~~~~~~PACE 9 .f 4 US Miillion (net of cancellations) Loan or Flical Yar *.......a........... _ Coedit No. of Approval Purpose WAD IDA I/ Undiabureed 2/ ~~~~._. _ _.. . ,, ............. W.mma.w ......... a ......... ...... ......a......... ,,,, ,,,_ 2Q22-IN 19W9 National Sorlulture 147.0 145.11 3064-SN 190" Notlonal Sericulture 80.0 -0.04 8008-ZN 1019 Electronics Induetry Dcv. S.0 . .oo 8094-IN ls9 iCIC? - Electronics Ind. 0ev. 101.0 101.00 809S-IN L900 lost - Electronics Ind. Dcv. 101.0 - 101.00 309W-IN 109 n Maharashtra Power a 400.0 - 400,00 20C7-SN 19o9 Net'l. Family Welfare Trng. * - 115.8 111.24 3101-IN 19*9 Natol. Family Welfare Trng. * 11.8 11.30 Total 16504.6 180801. 12006.0 of whleh hao been repald 2289.3 506.1 Total now outstanding 14261.8 11576.2 Amount Sold 138.3 of which has been ropald 138.3 Total now held by Bank and IDA 3/ 1I46.8 15576.2 Total undisbursed (emxcl9dno s) 7851.4 3902.3 _-_-.-._---------__-_-------- I/ IDA Crodit amounts for SOR-deno.lneted Crodits *rn *xpreseed In tere of their US dollar equivalents, as established at the timo of Credit negotiations and as subeequently presnted to the Board. 2/ Undlebareed amounts for SOR-donouinated IDA Credits are derived from cumulative dlbursementa convorted to thetr US dollar *quivalents at the SDR/US dollar eschane rate In effect on September 80, 1939, while orlilnal principal Is based on the exchango rate In effect at negotiations. Thli accounts for the fact that In some cases the undiaburned balance as shown In USS equivalent Is higher than tho original principal. 3/ Prior to exchange adjustment. a Not yet effective.  - 11 - SCHEDULE D PAGE 4 OF 4 B. STATEMENT OF IFC INVESTMENTS -------------------------__-_-_-- (As of September 0, 1989) Amount (USS millIon) Fiscal Yoer Company Loan Equity Total * 1969 Ropublic Forge Company Ltd. 1.5 - 1.6 1969 Kirlooka Oil Engines Ltd. 0.3 - 0.8 1960 Assam Sillimanite Ltd. 1.4 - 1.4 1961 K.S.B. Pumps Ltd. 0.2 - 0.2 1968-68 Precision Bearings India Ltd. 0.6 0.4 1.0 1964 Fort Gloster Industries Ltd. 0.6 0.4 1.2 1984-76-79 Mahindra Ugine Steel Co. Ltd. 11.8 1.8 13.1 1984 Lakehmi Machine Works Ltd. 1.0 0.8 1.3 1967 Jcyohree Chemicals Ltd. 1.1 0.1 1.2 1987 Indian Explosives Ltd. 8.6 2.9 11.6 1969-70 Zuari Agro-Ch_micals Ltd. 16.2 8.8 19.0 '978-87 Escorts Limited 15.6 - 16.6 1978 Housing Development Finance Corp. 4.0 1.6 6.6 1980/82/87/89 De-pak Fertilizer and Petrochoeicals Corporation Ltd. 7.6 4.2 11.7 1981 Coromandel Fertilizers Limited 16.9 - 16.9 1981-86-89 Tate Iron and Steel Company Ltd. 70.8 21.4 91.7 1981 Mahindra, Mahindra Limited 16.0 - 15.0 1981 Nagarjuns Coated Tubes Ltd. 1.5 0.8 1.8 1981-88/87 Nagnrtuns Signode Limited 2.8 0.3 2.6 1981 Nagariuns Steele Limited 8.6 0.2 3.7 1982 Ashok Leyland Limited 26.0 - 28.0 1982 The Bombay Dyeing and Manufacturing Co. Ltd. 18.8 - 18.8 1982 Bharat Forge Company Ltd. 15.9 - 16.9 1982 The Indian Rayon Corp. Ltd. 14.8 - 14.6 1984-86 The Gualior Rayon Silk Manu- facturing (Weaving) Co. Ltd. 16.0 - 16.0 1986 Bihnr Sponge 14.9 0.6 16.6 1986 Bajaj Auto Ltd. 28.9 - 23.9 1985 Modi Cement 18.0 - 13.0 1986 India Lease Development Ltd. 5.0 0.3 6.3 1986 Larsen and Toubro Ltd. 21.8 - 21.8 1988 India Equipment Leasing Ltd. 2.6 0.3 2.8 1986 BajaJ Tempo Limited 80.6 - 30.6 1986 The Great Eastern Shipping Company Ltd. 6.0 6.9 11.9 1987 Gujarat Narmada Valley Fertilizer 86.1 - 36.1 1987 Hero Honda Motors Ltd. 7.7 - 7.7 1987 Wimco Limited 4.7 - 4.7 1987-89-90 Titan Watches Limited 21.7 0.7 22.4 1987 Export-Import Bank of India 16.0 - 15.0 1987 Gujarat Fusion Glass Ltd. 7.5 1.7 9.2 1987 The Gujarat Rural Housing Finance Corp. - 0.2 0.2 1987 Hindustan Motors Ltd. 37.2 - 37.2 1988 Invol - 1.1 1.1 1989 W8I - 0.2 0.2 1989 Keltron - 0.2 0.2 1989 Gujarat State Fertilizor 27.6 - 27.6 1989 Ahmedabad 19.8 - 19.8 1990 Tate Electric 36.8 - 36.8 TOTAL GROSS COMMITMENTS 602.6 48.4 661.0 Loss: Cancellation, Terminations, Repayments and Sales 832.1 20.8 352.9 Now Hold 270.5 27.6 298.1 Undisburnod 170.6 0.1 170.6  . / BrdmwSsovfDlOlFAel8lil8XeSexSAFrFradveF-d 72*--r'ra;**e0 70 '*' y! ytESpe, IBRD 21865, / F6OC.A~ Veo,.f. vs bS..4gfWBrA8lOSlllTlW F A ll_pYuAI . / I' . .ir... / Fn rthvl *X/ otenn4olv . anroeFf dvacdort.ss:orAvdnosP PAKISTA ( P og p/cf CI ou ool.I. GA t10P0je WarshedA NAw D ELH 3 1 *@ JAMMU AND KASHMIRK._OETER BANGLADESH N ~~~~~~ ~~~ ~~~~ ~I N D I A 20 30 40 AP Jon\D I \ 19 KILOMETERS -(RA l PIRADESH | A ivn i y ARIHAKKII j ulrd~~ ABno /'\ K ieup iD J5 ,.7,0 N ARYANA ,/ B rrXfr r A PUNJAB \IIIII In_tial 7ub-waRersheda Under PrOlect ~ Rivera HAORY ANKA -t Roada \ Na)ional Capital,c0t - Roams -*-- Sble/Union Territory Boundaries DMTNo d _ _ International Soundaries NOEBRCH