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

Current Context: The Asian Development Bank announced that it has committed 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.
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