Categories: Business

ADB approves $300 million loan to expand rural connectivity in Maharashtra

The government of India and the Asian Development Bank (ADB) have signed a USD 300 million loan as additional financing to scale up the improvement of rural connectivity to help boost the rural economy in the state of Maharashtra. This is in addition to USD 200 million financings, approved by ADB in August 2019.

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

The additional financing for the ongoing Maharashtra Rural Connectivity Improvement Project will help improve an additional 1,100 rural roads and 230 bridges for a total length of 2,900 kilometres (km) in 34 districts. The ongoing project with $200 million financings, approved in August 2019, is already improving and maintaining the condition and safety of 2,100 km of rural roads across Maharashtra.

Important takeaways for all competitive exams:

Maharashtra Governor: Bhagat Singh Koshyari;
Maharashtra Capital: Mumbai;
Maharashtra CM: Uddhav Thackeray.

Find More Business News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.