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GOI signed Loan Pact with ADB

Published on November 17, 2021
Current Context: The Government of India and the Asian Development Bank (ADB) have entered into a loan agreement for development projects in Agartala, Tripura.
GOI signed Loan Pact with ADB
  • The loan agreement worth $61 million (around Rs 454 crore) was signed for the same.
  • The loan agreement was signed for Agartala City Urban Development Project which aims to improve living conditions in the city, promote new developmental activities, harness technology for the growing population in Agartala.
  • The funds will also be used to enhance capacity building for various state agencies to work in an efficient manner and deliver proper services to the citizen.
  • The funds will be used for making Agartala a Smart City by upgrading roads, developing tourist places, implementing flood resilient measures.
  • Static Part: 
    • National parks and Wild Life Sanctuaries in Tripura: Rajbari NP, Clouded Leopard NP, Gumti WLS, Rowa WLS, Sepahijala WLS

Question: 

Q.1 With which organization has the Government of India signed a loan agreement of $61 million for development projects in Agartala?
a. Asian Infrastructure Investment Bank
b. World Bank
c. New Development Bank 
d. Asian Development Bank
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