Categories: Business

ADB approves $250 million loan for India’s NICDP

The Asian Development Bank (ADB) has approved a USD 250 million (about Rs 1,875 crore) loan to support India’s National Industrial Corridor Development Program (NICDP). This is the first subprogram of the programmatic USD 500 million loans to develop 11 industrial corridors spanning 17 states.

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

About the NICDP:

NICDP aims to develop world-class industrial nodes that are supported by efficient urban agglomerations and multimodal connectivity, including international gateways like ports and airports and inclusive, climate-resilient, and sustainable infrastructure.

Find More Business News Here

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

Australian Open 2026: Carlos Alcaraz Defeats Novak Djokovic to Complete Career Grand Slam

On February 1, 2026. In a gripping men's singles final at the Australian Open 2026,…

11 hours ago

Union Budget 2026: List of New and Existing Schemes & Initiatives

The Union Budget 2026-27, presented by Nirmala Sitharaman on 1 February 2026, marks a decisive…

11 hours ago

Union Budget 2026-27: Top Most Important MCQ’s

Preparing for Banking, SSC, RBI, NABARD, and other competitive exams requires a strong grasp of…

12 hours ago

Union Budget 2026: Defense Spending Rises 15.3% to ₹7.84 Lakh Crore

The Union Budget 2026 has delivered one of the strongest signals yet of India’s changing…

12 hours ago

Union Budget 2026: Targets Sports Manufacturing and Ecosystem Development

Union Budget 2026-27 has placed sports firmly within India’s growth and employment strategy. While presenting…

12 hours ago

Union Budget 2026: Health Ministry Gets ₹1.06 Lakh Crore Allocation

The Union Budget 2026-27 has placed healthcare at the centre of India’s development agenda. With…

12 hours ago