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

November 25, 2023
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.
ADB Approves USD 500 mn loan for Healthcare, Medical Education in Maharashtra
  • 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
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