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India and ADB signed Loan Agreement for Maharashtra

Published on September 12, 2021
Current Context: The Asian Development Bank (ADB) and the Government of India (GOI) signed loan agreement to enhance rural connectivity and rural economy in the state of Maharashtra.
India and ADB signed Loan Agreement for Maharashtra
  • In this regard, the loan of $300 million was signed between GOI and ADB.
  • The funds will be used to provide finance to the ongoing Maharashtra Rural Connectivity Improvement Project.
  • The loan amount will also be used to improve an additional 1,100 rural roads and 230 bridges for a total length of 2,900km in 34 districts of the state.
  • Initially, in August 2019, ADB granted $200 million funds which are being used to improve and maintain the condition and safety of 2,100 km of rural roads across the state.
  • So this current loan is the addition to USD 200 million, granted by ADB in August 2019.
  • Static Part: 
    • CM of Maharashtra: Uddhav Thackeray
    • Governor of Maharashtra: Bhagat Singh Koshyari


Q.1 Which entity offered loan to improve rural connectivity and rural economy in Maharashtra?
a. ADB
c. NDB
d. IMF

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