ADB to support Maharashtra with $346 mn loan for power sector

The Asian Development Bank (ADB) has approved a USD 346 million (around Rs 2,616 crore) loan to Maharashtra state government to provide reliable power connections in rural areas of Maharashtra. The loan will support the state government’s high voltage distribution system (HVDS) program for new grid-connected rural agricultural customers in Maharashtra.

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Maharashtra is the second-most populous state in India, and about half of the state’s labour force is engaged in agriculture and related activities in the rural areas. Providing efficient, reliable, and good quality power to rural agriculture customers in Maharashtra will improve agricultural productivity and efficiency in the electricity value chain

Important takeaways for all competitive exams:

• President of Asian Development Bank: Masatsugu Asakawa.
• ADB was established in 1966.

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