ADB Informed of Committing a Record USD 3.92 billion Loan to India

Published on May 17, 2021
Current Context: The Asian Development Bank announced that it has committed a record USD 3.92 billion loan to India.
ADB Informed of Committing a Record USD 3.92 billion Loan to India
  • The loan amount of USD 3.92 billion was sanctioned for a total of 13 projects in India.
  • The loan amount also includes the USD 1.8 billion for COVID-19 related projects.
  • The ADB has granted its financial support to India during an emergency state of the pandemic in 2020.
  • It also granted relief measures to the poor and other vulnerable groups in India.
  • ADB has also assured to grant USD 356.1 million through its non-sovereign operations to India.
  • The funds of USD 500 million for the high-speed 82-kilometer Delhi-Meerut Regional Rapid Transit system corridor were also granted by ADB.
  • Various energy-related projects in states like Assam, Meghalaya, Maharashtra, Karnataka, Uttar Pradesh were funded by ADB.
  • Static Part: 
    • HQ of ADB: Manila, Philippines
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