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:
The Jammu & Kashmir Bank (J&K Bank) won the Gold Award at the Finacle Innovation…
The United Nations General Assembly (UNGA) has selected the five new countries to serve as…
India and the United Kingdom have jointly launched the India-UK Critical Minerals Global Supply Chain…
The Government of India has named Neelkanth Mishra as the India's next Executive Director at…
The University of Liverpool which is one of the United Kingdom's leading universities has received…
India's Mera Yuva Bharat (MY Bharat) has been awarded a Guinness World Records (GWR) title…