New Delhi, Feb 19 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi. on Tuesday approved the implementation of the National Rural Economic Transformation Project (NRETP).

This project under the Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) will be through loan assistance from the World Bank.

"The technical assistance provided by NRETP and the higher level interventions facilitated by the project will enhance the livelihoods promotion, access to finance and scale-up initiatives on digital finance and livelihood interventions," an official release said.

--IANS mak/vd