Categories: Business

ADB approves USD 300 million additional loan for Maharashtra

The Manila-based Asian Development Bank has approved a USD 300 million loans as additional financing for the ongoing Maharashtra Rural Connectivity Improvement Project for upgrading rural roads and connecting remote areas with markets. The additional financing will be used for improving an additional 1,100 rural roads and 230 bridges for a total length of 2,900 km in 34 districts of the state.

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

The project was approved in August 2019, for improving and maintaining the condition and safety of 2,100 kilometres (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 State In 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

IndiGo Flight Disruptions Explained: FDTL Rules, Crew Shortages and DGCA Action

India’s largest airline, IndiGo, has witnessed widespread flight cancellations and delays, affecting thousands of travellers…

1 min ago

NITI Aayog & IBM Unveil Roadmap to Make India Top‑3 Quantum Economy by 2047

The world is entering a new technological era — one where quantum computing, quantum communication…

17 mins ago

Weak La Niña Likely to Influence Global Weather in Winter 2025–26: WMO Predicts

The World Meteorological Organization (WMO) has issued its latest ENSO (El Niño–Southern Oscillation) Update, predicting…

17 mins ago

IFFCO-TOKIO Partners with Cooperatives to Expand Micro Insurance Access for Underserved Communities

Marking its 25th anniversary, IFFCO-TOKIO General Insurance Company (GIC) announced a new initiative aimed at…

17 mins ago

Runway’s Gen-4.5 Surpasses OpenAI and Google in Text-to-Video AI Race

New York-based AI company Runway has launched Gen-4.5, its most advanced text-to-video generation model to…

17 mins ago

Keoladeo National Park: Location, Biodiversity, Migratory Birds and Conservation Importance

Following good monsoon rains, migratory birds like storks, pelicans, painted storks, and bar-headed geese have…

49 mins ago