Current Affairs   »   ADB approved a USD 350 million...

ADB approved a USD 350 million loan to improve India’s urban services

ADB approved a USD 350 million loan to improve India's urban services_50.1

Asian Development Bank (ADB) has approved a Rs 2653.05 crore (USD 350 million) policy-based loan to improve urban services in India. This loan supports the policies formulated by the Ministry of Housing and Urban Affairs (MoHUA) to benefit the urban poor, economically weaker sections, and low-income groups. ADB will also provide knowledge and advisory support to MoHUA in program implementation, monitoring and evaluation.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

The loan supports the policies established by the Ministry of Housing and Urban Affairs to accelerate universal coverage of piped water supply and improved sanitation. This is part of the recently launched national programme Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0 and to provide affordable housing to all, including poor, urban migrant and industrial workers, under the flagship mission Pradhan Mantri Awas Yojana.

Important takeaways for all competitive exams:

  • Asian Development Bank Headquarters: Mandaluyong, Philippines;
  • Asian Development Bank President: Masatsugu Asakawa;
  • Asian Development Bank Membership: 68 countries;
  • Asian Development Bank Founded: 19 December 1966.

Find More News on Economy Here

ADB approved a USD 350 million loan to improve India's urban services_60.1

ADB approved a USD 350 million loan to improve India's urban services_70.1

Thank You, Your details have been submitted we will get back to you.
Was this page helpful?

Leave a comment

Your email address will not be published. Required fields are marked *