The Asian Development Bank (ADB) has approved projects for infrastructure development worth Rs 1,650 crore ($235 million) in seven of the eight districts headquarter towns in Tripura.
The ADB would give 80% of the amount as grant-in-aid and the Tripura Government would have to repay back only 20% loan in due course of time.
Important Takeaways for IBPS RRB/ RRB NTPC Exams:
- The ADB established on 19th December 1966.
- Takehiko Nakao is the president of ADB.
- Biplab Kumar Deb is CM of Tripura.
Source- The Hindu Business Line