Uttarakhand to Receive ₹680 Crore World Bank Assistance for Strengthening Financial Management
The World Bank’s support will further strengthen our digital and results-oriented financial systems, CM Dhami
In a major boost to fiscal reform and transparency, the Government of India has recommended Uttarakhand’s ambitious project — “Strengthening Public Financial Management for Improved Service Delivery in Uttarakhand” — for World Bank consideration. The proposed project aims to enhance financial accountability, efficiency, and service delivery across the state.
Under this initiative, the Uttarakhand Government has sought external assistance of about ₹680 crore (US$ 80 million) from the World Bank. The project envisions a modern, technology-driven public financial management (PFM) system that ensures transparent, accountable, and efficient use of public resources.
The Department of Economic Affairs (FB Division), Ministry of Finance, Government of India, has formally forwarded the proposal to Mr. Paul Prusi, Acting Country Director, World Bank India Office, New Delhi, with a recommendation for consideration and approval.
The project’s core objectives include implementing structural reforms in financial management, budget control, accounting systems, expenditure management, and service delivery. It will integrate digital tools to ensure real-time monitoring, better fiscal discipline, and improved transparency in fund utilization.
Chief Minister Dhami Welcomes the Recommendation
Expressing gratitude, Chief Minister Pushkar Singh Dhami said, “This is a major recognition of Uttarakhand’s financial reform and good governance efforts. The state government is committed to ensuring that every government rupee is spent transparently and in the public interest. The World Bank’s support will further strengthen our digital and results-oriented financial systems.”
The Chief Minister added that the project will bring “unprecedented improvement in fiscal discipline, data transparency, and quality of service delivery” across the state.
According to the Finance Department of Uttarakhand, this initiative will give a new direction to e-governance and digital public finance management. It will bolster real-time financial monitoring and reporting mechanisms in all state departments.
With the backing of the Government of India and the World Bank, Uttarakhand aims to emerge as a financially robust, transparent, and accountable state, ensuring the effective and timely delivery of government services to citizens.
