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, 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.

Recent Posts

Indian Banks’ Profitability Soars with Low NPAs and Strong Credit Growth

Indian public sector banks (PSBs) have reported strong profitability, with a 25% increase in net…

8 mins ago

Nvidia Unveils the Jetson Orin Nano Super Generative AI Supercomputer

Nvidia has recently announced the launch of its Jetson Orin Nano Super Generative AI supercomputer,…

9 mins ago

Osamu Suzuki, Former Suzuki Chairman Passes Away Aged 94

Osamu Suzuki, the long-serving chairman and CEO of Suzuki Motor Corporation, passed away at the…

23 mins ago

‘Viksit Panchayat Karmayogi’ Initiative

On Good Governance Day, Dr. Jitendra Singh launched the ‘Viksit Panchayat Karmayogi’ initiative, aiming to…

25 mins ago

Top-5 Cinnamon Producing Countries in the World 2024

Cinnamon is a widely used spice known for its sweet and spicy flavor, often added…

30 mins ago

SC Collegium Recommends Judges For Multiple Projects

On December 22, 2024, the Supreme Court Collegium, headed by Chief Justice of India Sanjiv…

51 mins ago