31 January 2018

Government Signs $250 million Loan Agreement with ADB

Government Signs $250 million Loan Agreement with ADB


The Asian Development Bank and the Indian Government have signed a 250 million dollar loan to finance the construction of over 6 thousand 2 hundred kilometres all-weather rural roads in 5 states viz Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal under the Pradhan Mantri Gram Sadak Yojana (PMGSY).

The program is aimed at improving rural connectivity, facilitating safer and more efficient access to livelihood and socio-economic opportunities for rural communities through improvements to about 12 thousand kilometres Rural Roads across the 5 States.

Static/Current Takeaways Important for Canara Bank PO 2018 Exam-
  • Founded on 19 December 1966 ADB has its Headquarter in Manila, Philippines.
  • President of ADB is Takehiko Nakao.
Source- AIR World Service

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