New Delhi, July 10 -- The World Bank's Board of Executive Directors has approved a financing package of USD 890 million to support India's national rooftop solar programme, aimed at expanding clean energy access to millions of households, creating jobs and attracting large-scale private investment.

According to an official statement by the World Bank, the financing package comprises an USD 820 million loan from the International Bank for Reconstruction and Development (IBRD), a USD 60 million concessional loan from the Clean Technology Fund and a USD 10 million grant from IBRD's Livable Planet Fund.

In addition to the financing package, the World Bank will mobilise USD 4.2 billion in private financing in the form of commercial loans to ...