ADB approved Loan to Support NICDP

Current Context: The Asian Development Bank (ADB) has approved the loan to support GOI’s National Industrial Corridor Development Program (NICDP).

• The loan of $250 million was approved for the same.
• This loan is the first subprogram of the $500 million loans which will be used to develop 11 industrial corridors in 17 states.
• The NICDP aims to develop world-class industrial nodes which will lead to having efficient urban agglomerations and will impart multimodal connectivity.
• The multimodal connectivity will be granted through gateways like ports and airports.
• The project will also work to have the climate-resilient and sustainable infrastructure in the country.
• Static Part: 
• HQ of ADB: Metro Manila, Philippines
• President of ADB: Masatsugu Asakawa

Question: 

Q.1 Which organization approved the loan of $250 million to support the GOI’s National Industrial Corridor Development Program (NICDP)?
a. Asian Development Bank
b. World Bank
c. New Development Bank
d. Asian Infrastructure Investment Bank