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ADB and India signs loan worth $96.3 million

Published on August 23, 2022
Current Context: Asian Development Bank(ADB) and India signed a $96.3 million loan agreement to provide safe drinking water and improve water supply and sanitation in Himachal Pradesh.
ADB and India signs loan worth $96.3 million
  • The loan agreement was signed by Rajat Kumar Mishra, Additional Secretary in the Department of Economic Affairs on behalf of the Government of India, and Takeo Konishi, Country Director for ADB in India.
  • This project is aligned with the objectives of the Jal Jeevan Mission of the government of India, which focus to provide piped water to rural households by 2024 and will upgrade water supply infrastructure and strengthen institutional capacity to ensure safe, sustainable, and inclusive water supply and sanitation services in rural areas.
  • This project will connect 75,800 households to the service and will ensure an uninterrupted water supply to 3,75,000 residents in 10 districts of the state. The project aims to construct 48 groundwater wells, 80 surface water intake facilities, 109 water treatment plants, 117 pumping stations, and 3,000 kilometers of water distribution pipelines to improve water supply and sanitation services.
  • In the Sirmaur district, a pilot fecal sludge management and sanitation program will be implemented which will benefit 2,50,000 residents in the district.
  • Static Knowledge:
    • CM of Himachal Pradesh - Jai Ram Thakur
    • Governor of Himachal Pradesh - Rajendra Vishwanath Arlekar

Question: 

Q.1 India and which bank signed a loan agreement of $96.3 million to improve water supply and sanitation in Himachal Pradesh?
a. AIIB
b. World Bank
c. NDB
d. ADB
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