India and ADB has signed $200 million loan agreement

Current Context: The Government of India and the Asian Development Bank (ADB) formalized the agreement for a USD 200 million loan on Wednesday, December 14, 2023.

• This loan is intended to improve the quality, efficiency, and reliability of power supply in the state of Uttarakhand.
• The focus of this project is on energy conservation and livelihood enhancement.
• The loan agreement between the Government of India and the Asian Development Bank (ADB) is part of the Official Development Assistance (ODA).
• ODA is defined as government aid that promotes and specifically targets the economic development and welfare of developing countries.

Question:

Q.1 What is the amount of the loan agreement signed between India and the Asian Development Bank (ADB)?
a. $100 million
b. $200 million
c. $300 million
d. $400 million