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Punjab: Building Fiscal and Institutional Resilience

Abstract*

The development objective of Punjab : Building Fiscal and Institutional Resilience Project for India is to strengthen institutional capabilities, accountability and management of public finances to support public service delivery in Punjab. The PforR operation will support overarching governance and institutional reforms as key for creating stronger enabling conditions, thereby contributing to improving service delivery to citizens. The Program will...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The development objective is to strengthen institutional capabilities, accountability and management of public finances to support public service delivery in Punjab.

Key Details

Project Details

  • P175261

  • Active

  • Mohan Gopalakrishnan

  • India

  • India

  • May 12, 2021

  • (as of board presentation)

    September 19, 2022

  • March 13, 2023

  • US$ 215.00 million

  • Department of Finance, Government of Punjab

  • South Asia

  • 2023

  • US$ 150.00 million

  • N/A

  • April 1, 2024

  • June 30, 2027

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Borrower/Recipient 65.00
International Bank for Reconstruction and Development 150.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 150.00
IDA Commitment N/A
IBRD + IDA Commitment 150.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 215.00

Summary Status of World Bank Financing (US$ Millions) as of January 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of January 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jun 15, 2024 IBRD-94380 Loan Repay 282,087.50
Mar 13, 2023 IBRD-94380 Loan Disb 375,000.00
Mar 13, 2023 IBRD-94380 Fee Charges 375,000.00
Sep 5, 2023 IBRD-94380 Loan Disb 3,000,000.00
Sep 19, 2022 IBRD-94380 Loan Commitment 150,000,000.00
Jun 15, 2023 IBRD-94380 Int Charges 96,333.90
Sep 27, 2023 IBRD-94380 Loan Disb 3,500,000.00
Jun 15, 2023 IBRD-94380 Int Charges 5,146.85
Jun 15, 2023 IBRD-94380 Loan Repay 12,937.50
Dec 15, 2023 IBRD-94380 Int Charges 164.83
Dec 15, 2023 IBRD-94380 Int Charges 183,314.20
Dec 15, 2023 IBRD-94380 Int Charges 106,866.71
Dec 15, 2023 IBRD-94380 Loan Repay 244,987.50
Nov 7, 2023 IBRD-94380 Loan Disb 1,000,000.00
May 2, 2024 IBRD-94380 Loan Disb 1,000,000.00
Jun 15, 2024 IBRD-94380 Int Charges 6,610.63
Jun 15, 2024 IBRD-94380 Int Charges 260.29
Jun 15, 2024 IBRD-94380 Int Charges 243,706.60
Jun 15, 2024 IBRD-94380 Int Charges 177,400.92

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Unsatisfactory 2025-02-19
Monitoring and Evaluation Moderately Satisfactory 2025-02-19
Overall Implementation Progress (IP) Moderately Unsatisfactory 2025-02-19

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Eligible beneficiaries for two select schemes verified, including beneficiaries from ecologically vulnerable geographies, with support of the SDIPValue0.000.0060.00
    DateMarch 31, 2022March 15, 2024March 31, 2026
    Comment
  • Performance based grants distributed to eligible MCs in accordance with a performance grants based system notified by the GoPValueNo state performance grant system existsNo state performance grant system exists(i) Performance audits (for FY25-26) conducted for
    DateMarch 31, 2022March 15, 2024March 31, 2027
    Comment
  • Awarded contracts published on the e-procurement portalValue39.0045.0060.00
    DateMarch 31, 2022March 15, 2024March 31, 2025
    Comment
  • Operationalization of TIU with enhanced capabilities to strengthen GST complianceValueNo TIU exists.TIU operationalized in DoETTIU operationalized and staff trained.
    DateMarch 31, 2022March 15, 2024March 29, 2024
    Comment
  • Improvement in budget out-turn in Category A ADsValue76.0088.4090.00
    DateMarch 31, 2022March 15, 2024March 31, 2027
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Staff trained on PFM, procurement and planning, as identified in Training Plan approved by DoFValue0.000.0080.00
    DateMarch 31, 2022March 15, 2024March 31, 2025
    Comment
  • Select departments compliant with Punjab State Data Policy, guidelines and standardsValue0 ADs are compliant 02 ADs are compliant
    DateMarch 31, 2022March 15, 2024March 31, 2025
    Comment
  • Performance audits conducted for MCsValue0.000.0013.00
    DateMarch 31, 2022March 15, 2024March 29, 2024
    Comment
  • Debt to GSDP ratio reducedValueProvisional: 48.percent of GSDP, TBD following AG 43.64 percent of GSDP (according to FY22/23 actualDebt to GSDP ratio reduced by 3 percentage points
    DateMarch 31, 2022September 11, 2023March 31, 2027
    Comment
  • Connections receiving continuous water supply in demonstration zones in each city of Amritsar and LudhianaValue0.000.0010000.00
    DateMarch 31, 2022March 15, 2024March 31, 2027
    Comment
  • GST taxpayer base is expandedValue0.004.954.00
    DateMarch 31, 2022March 15, 2024March 31, 2026
    Comment
  • Number of Category A ADs with contractual payment information and procurement plans available on IFMIS and e-procurement portalValue0.000.0012.00
    DateMarch 31, 2022March 15, 2024March 31, 2026
    Comment
  • Average procurement cycle time reducedValue138.00138.00100.00
    DateMarch 31, 2022March 15, 2024March 31, 2027
    Comment
  • Beneficiaries receiving benefits under the Udaan schemeValue0.000.001297.40
    DateMarch 31, 2022March 15, 2024March 31, 2026
    Comment