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ADB to Offer $112 million Loan for ASU

Published on December 16, 2021
Current Context: The Asian Development Bank (ADB) has approved loan to establish Assam Skill University (ASU).
ADB to Offer $112 million Loan for ASU
  • The loan of $112 million will be provided by ADB for the same.
  • The ASU will help to strengthen skills education and training facilities.
  • This will help to enhance productivity and competitiveness in Assam’s economy.
  • Various employment opportunities will emerge with the prospect of getting higher-paying, decent jobs to the youths, women, and disadvantaged groups of the state.
  • The funds will be used to develop management, operating systems, business models, and faculty and staff for ASU.
  • Static Part: 
    • HQ of ADB: Manila, Philippines
    • President of ADB: Masatsugu Asakawa


Q.1 Which financial organization grants a loan to establish Assam Skill University (ASU)?
a. New Development Bank
b. Asian Development Bank
c. Asian Infrastructure Investment Bank
d. World Bank

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