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