Categories: Economy

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

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

Adda247 Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

India Beat Pakistan in T20 World Cup 2026 Thriller

India defeated Pakistan in the 27th Match of Group A at the ICC Men’s T20…

11 hours ago

Weekly One Liners 09th to 15th of February 2026

Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…

18 hours ago

Highest Partnerships in India–Pakistan T20Is: Record Stands and Memorable Stitches

India vs Pakistan in T20 internationals is always high-voltage. Over the years, some iconic partnerships…

22 hours ago

First-Ever India–Pakistan T20I Was Decided by Bowl-Out

The first-ever T20 International match between India and Pakistan remains one of the most thrilling…

22 hours ago

Fastest Hundred in T20 Internationals (2005–2026)

T20 cricket is known for explosive batting, and scoring a century in this format is…

1 day ago

India vs Pakistan – T20 World Cup MCQs

The India vs Pakistan clash in the ICC T20 World Cup is one of the…

2 days ago