ADB Approves USD 500 mn loan for Healthcare, Medical Education in Maharashtra

Current Context: The Asian Development Bank (ADB) approved the loan package of USD 500 million for the Maharashtra Tertiary Care and Medical Education Sector Development Program on November 23, 2023.

• The package aims to provide affordable healthcare to all by 2030 and strengthen medical practitioners.
• The funding will be utilized towards the following priorities:
• Addressing remaining poverty and reducing inequalities
• Accelerating progress in gender equality
• Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
• Strengthening governance and institutional capacity
• The program will develop tertiary care and medical education infrastructure.

Question:

Q.1 What is the amount of the loan package approved by the Asian Development Bank (ADB) for Maharashtra?
a. USD 100 million
b. USD 500 million
c. USD 1 billion
d. USD 2 billion