The World Bank North East Rural Livelihoods Project (NERLP) (P102330) REPORT NO.: RES38618 RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF NORTH EAST RURAL LIVELIHOODS PROJECT (NERLP) APPROVED ON DECEMBER 20, 2011 TO THE REPUBLIC OF INDIA AGRICULTURE AND FOOD SOUTH ASIA Regional Vice President: Hartwig Schafer Country Director: Junaid Kamal Ahmad Regional Director: John A. Roome Practice Manager/Manager: Kathryn Hollifield Task Team Leader: Priti Kumar, Varun Singh The World Bank North East Rural Livelihoods Project (NERLP) (P102330) ABBREVIATIONS AND ACRONYMS The World Bank North East Rural Livelihoods Project (NERLP) (P102330) BASIC DATA Product Information Project ID Financing Instrument P102330 Investment Project Financing Original EA Category Current EA Category Partial Assessment (B) Partial Assessment (B) Approval Date Current Closing Date 20-Dec-2011 30-Sep-2019 Organizations Borrower Responsible Agency Ministry of Development of North East Region North East Livelihoods Promotion Society Project Development Objective (PDO) Original PDO To improve rural livelihoods, especially that of women, unemployed youths and the most disadvantaged, in the participating North Eastern States OPS_TABLE_PDO_CURRENTPDO Summary Status of Financing Net Ln/Cr/Tf Approval Signing Effectiveness Closing Commitment Disbursed Undisbursed IDA-50350 20-Dec-2011 20-Jan-2012 12-Mar-2012 30-Sep-2019 130.00 96.16 16.74 Policy Waiver(s) Does this restructuring trigger the need for any policy waiver(s)? No The World Bank North East Rural Livelihoods Project (NERLP) (P102330) I. PROJECT STATUS AND RATIONALE FOR RESTRUCTURING The Project is on track to have achieve its PDO and results framework indicators by the closing date of September 30, 2019 based on data available from the project Management Information System (MIS), emerging findings from thematic studies and the impact evaluation. The Implementation Completion Results Review (ICRR) exercise was launched in August 2019. As a result of the Tripartite Portfolio Review Meeting (TPRM) in August 22, 2019, the Ministry for Development of North East Region (MDoNER) decided to initiate a partial cancellation of INR 81.61 crore due to exchange rate savings. This was approved by the MDoNER on September 16, 2019 and a letter was sent by the MDoNER to DEA. The World Bank received a formal request for INR 81.6 crore partial cancellation by the DEA on September 18, 2019. A copy of request from the DEA is attached to process the partial cancellation of the loan. The cancellation amount is SDR 8,361,588 for an equivalent of INR 81.61 Crore as on September 18, 2019. The value date of this cancellation is September 18, 2019. II. DESCRIPTION OF PROPOSED CHANGES III. SUMMARY OF CHANGES Changed Not Changed Cancellations Proposed ✔ Reallocation between Disbursement Categories ✔ Implementing Agency ✔ DDO Status ✔ Project's Development Objectives ✔ Results Framework ✔ Components and Cost ✔ Loan Closing Date(s) ✔ Disbursements Arrangements ✔ Disbursement Estimates ✔ The World Bank North East Rural Livelihoods Project (NERLP) (P102330) Overall Risk Rating ✔ Safeguard Policies Triggered ✔ EA category ✔ Legal Covenants ✔ Institutional Arrangements ✔ Financial Management ✔ Procurement ✔ Implementation Schedule ✔ Other Change(s) ✔ Economic and Financial Analysis ✔ Technical Analysis ✔ Social Analysis ✔ Environmental Analysis ✔ IV. DETAILED CHANGE(S) OPS_DETAILEDCHANGES_CANCELLATIONS_TABLE CANCELLATIONS Value Reason Current Cancellation New Ln/Cr/Tf Status Currency Date of for Amount Amount Amount Cancellation Cancellation LOAN Disburs IDA-50350- RESTRUCTUR ing&Re XDR 80,800,000.00 8,361,588.00 18-Sep-2019 72,438,412.00 001 ING, COST paying SAVINGS OPS_DETAILEDCHANGES_REALLOCATION _TABLE REALLOCATION BETWEEN DISBURSEMENT CATEGORIES Financing % Current Allocation Actuals + Committed Proposed Allocation (Type Total) Current Proposed IDA-50350-001 | Currency: XDR iLap Category Sequence No: 1 Current Expenditure Category: Gds,Wks,Non Con,Con,Trg,Op,Inv Sup The World Bank North East Rural Livelihoods Project (NERLP) (P102330) 80,500,000.00 68,331,652.34 72,138,412.00 90.00 90.00 iLap Category Sequence No: 2 Current Expenditure Category: PPF REFINANCING 300,000.00 266,004.21 300,000.00 Total 80,800,000.00 68,597,656.55 72,438,412.00 .