In a separate statement, JICA said it has signed a loan agreement with India to provide Japanese ODA loan amounting to Rs 520 crore for the Project for Forest and Biodiversity Conservation for Climate Change Response in West Bengal (WB-FBCCCR). The objective of the project is to mitigate and adapt to climate change and conserve and restore ecosystems by adopting ecosystem-based climate change measures, biodiversity conservation, livelihood improvement activities and institutional strengthening, thereby contributing to the sustainable socioeconomic development in West Bengal.