Though India is no longer eligible for concessional development funds, the World Bank is working on a special dispensation to the country to maintain financial support to India. India receives the bulk of funds from the World Bank through International Development Association (IDA), the development bank's fund for the poorest, and International Bank for Reconstruction and Development (IBRD).
To help the poorest countries fight poverty, IDA provides concessional credit at little or no interest and repayments are stretched over 25 to 40 years, including a 5-to 10-year grace period.