ADB approved USD 150 million Loan to Tamil Nadu

Current Context: The Asian Development Bank (ADB) has approved a loan of USD 150 million to Tamil Nadu.

• The loan was approved for developing sustainable housing projects in urban poor areas of the state.
• The funds will be used to grant access to resilient and sustainable housing structures for the urban poor in the state.
• With the help of this fund, the Tamil Nadu Slum Clearance Board (TNSCB) will construct sustainable houses in 9 locations of the state and will relocate 6000 households to safe locations which will be vulnerable to various natural hazards.
• The loan will also enhance the economic growth of the state as it contributes 8.54% to the GDP of the country.
• Also, the ADB will grant USD 1.5 million as technical assistance from its Technical Assistance Special Fund. This will support government agencies to enhance capacity building.
• Static Part: 
• HQ of ADB: Manila, Philippines
• President of ADB: Masatsugu Asakawa

Question: 

Q.1 Which entity approved a loan of USD 150 million to Tamil Nadu for developing sustainable housing projects in an urban poor area of the state?
a. Asian Development Bank
b. World Bank
c. New Development Bank
d. Asian Infrastructure Investment Bank