29 September 2017

$80-Million ADB loan to Himachal Pradesh

$80-Million ADB loan to Himachal Pradesh


Multilateral lending agency Asian Development Bank (ADB) has approved a loan of $80 million (about Rs 524 crore) for the modernization of Himachal Pradesh’s technical and vocational education and training (TVET) institutions.

The total cost of the project is $100 million, with the Centre contributing $20 million. The project is expected to be completed by the end of 2022.

Important Takeaways from Above News-
  • ADB headquarters in Manila, Philippines.
  • Takehiko Nakao is the President of ADB.
Source- The Hindu

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