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ADB approved Loan to Improve Urban Services in India

Published on December 12, 2021
Current Context: The Asian Development Bank has approved loans to improve urban services in India.
ADB approved Loan to Improve Urban Services in India
  • In this regard, the ADB has approved a loan of USD 350 million.
  • The loan will be utilized to support various policies and schemes framed by the Ministry of Housing and Urban Affairs for enhancing universal coverage of piped water supply and improved sanitation in the urban areas of the country.
  • The loan is part of Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0.
  • The funds will be used to grant affordable housing to all including poor, urban migrant, and industrial workers. This will be executed under Pradhan Mantri Awas Yojana.
  • The funds will be used to transform cities into economically vibrant and sustainable cities.
  • Static Part: 
    • HQ of ADB: Manila, Philippines
    • President of ADB: Masatsugu Asakawa

Question: 

Q.1 ADB has approved a loan of _____ to improve urban services in India?
a. USD 250 million
b. USD 200 million
c. USD 300 million 
d. USD 350 million
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