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The World Bank has approved a $245 million loan for Himachal Pradesh to speed up disaster recovery, rebuild safer infrastructure, and protect livelihoods after repeated extreme weather.
Himachal Pradesh has secured a $245 million World Bank loan for the Resilient Action for Development and Disaster Recovery Himachal Pradesh Project (READY-HP), cleared on February 11, 2026.
The funding comes after the state faced back-to-back extreme weather shocks, with the World Bank citing $1 billion in estimated losses over the last 3 years, and major damage during the 2023 and 2025 monsoon seasons. The project aims to benefit 2.3 million people and push “build-back-better” reconstruction.
A quick snapshot of the official numbers follows.
This is not positioned as a quick repair drive. The pitch is long-term resilience planning and safer assets.
READY-HP is designed to fund recovery works while reducing future disaster risk through risk-informed planning and resilient design.
The World Bank says heavy rainfall in 2023 and 2025 disrupted housing, roads and essential services, hitting access to schools, markets and jobs, while also affecting water, sanitation, agriculture and horticulture systems.
On the ground, the focus includes rehabilitation of 250+ bridges, roads and footbridges, with technical knowledge support linked to the Coalition for Disaster Resilient Infrastructure (CDRI). A second pillar is livelihoods: community-owned firms are expected to invest in more reliable jobs, with the project targeting 12,000 people for new or improved employment outcomes.
The World Bank also flags gender outcomes, stating more than 1 million women are expected to benefit through better services and livelihood opportunities in farming, handicrafts and rural tourism.
The Bank’s approval follows months of state-level preparation on a broader “HP-READY” disaster recovery initiative. On October 10, 2025, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu reviewed the disaster recovery project with a World Bank team, with the state framing it as a long-term response to recurring climate-linked shocks between 2023 and 2025.
In that update, the state spoke about restoring damaged roads, bridges and buildings, strengthening early warning systems, and channelising rivulets to reduce flood impact.
The World Bank’s February 2026 note builds on the same reasoning, stating that extreme weather events in the past 3 years caused around $1 billion in losses and disrupted everyday access to work and services, especially during the 2023 and 2025 monsoon seasons.
For consumer-facing readers tracking Himachal updates,
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Before the stakeholder quotes, here are the financing terms in one view.
These terms signal a longer runway for implementation, with an added push to bring private risk finance into the mix.
Paul Procee, Acting Country Director, World Bank India, has said the project will invest in sustainable infrastructure that improves access to services and jobs, and it will also aim to mobilise $100 million in private capital for disaster-risk financing and insurance solutions.
The state government has positioned HP-READY as a resilience programme, not only a repair plan.
The $245 million World Bank approval puts Himachal Pradesh on a funded track to rebuild stronger after repeated monsoon shocks. The real test now is execution speed and whether resilience upgrades reach roads, services and jobs where losses were sharpest.
