India and ADB signs 200 million dollar loan agreement

India and Asian Development Bank (ADB) has signed 200 million dollar loan agreement. Under the agreement, they will upgrade rural roads in 34 districts of Maharashtra to improve road safety.

The project aims to improve the condition of about 2,100 km of rural roads to all-weather standards, with climate resilience and safety features. It will also help in connecting rural communities with productive agricultural areas and socio-economic centres. The enhanced road connectivity and better access to markets will help the farmers increase agricultural productivity and incomes.

Static/Current Takeaways Important For IBPS RRB PO Mains:

  • Chief Minister of Maharashtra: Devendra Fadnavis; Governor: Bhagat Singh Koshyari.

Source: The News On AIR

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