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India & ADB Signs USD 500 Million Loan Agreement to Improve Tertiary Health Care & Medical Education

Published on August 26, 2024
Current Context: India has signed a significant loan agreement with the Asian Development Bank (ADB) worth USD 500 million on 21st August 2024.
India & ADB Signs USD 500 Million Loan Agreement to Improve Tertiary Health Care & Medical Education
  • This agreement aims to enhance access to quality and affordable tertiary health care and medical education in Maharashtra.
  • The loan will support the establishment of four new medical colleges attached to tertiary care teaching hospitals.
  • These facilities will incorporate climate- and disaster-resilient, gender-responsive, and socially inclusive features in underserved districts.
  • Additionally, the program will increase bed capacity in government tertiary care hospitals and hire at least 500 new doctors.
  • This initiative is part of a broader effort to provide modern medical services in underserved areas and reduce out-of-pocket expenditure for patients through better availability of quality drugs.

Question:

1 What is the main purpose of the USD 500 million loan agreement between India and the Asian Development Bank (ADB) on 21st August 2024?

  • A) To build highways in Maharashtra
  • B) To enhance access to quality and affordable tertiary healthcare and medical education
  • C) To promote agriculture and rural development
  • D) To develop tourism infrastructure in Maharashtra
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