India and ADB Sign $50 Million Loan for Climate-Adaptive Water Harvesting Project in Meghalaya

Current Context: On December 5, 2024, the Government of India and the Asian Development Bank (ADB) signed a $50 million loan agreement to fund a climate-adaptive water harvesting project in Meghalaya.

• Key Objectives:
• Water Access: Constructing 532 climate-resilient water-storage facilities to ensure reliable access to water for rural areas.
• Agricultural Productivity: Developing 3,000 hectares for reliable irrigation, which will help in boosting agricultural output.
• Climate Resilience: Implementing systems that can withstand climate variability and support sustainable water management.

Question:

1 What is the primary purpose of the $50 million loan agreement signed between the Government of India and the Asian Development Bank (ADB) on December 5, 2024?

• A) Construction of highways in Meghalaya
• B) Development of climate-adaptive water harvesting infrastructure in Meghalaya
• C) Promotion of renewable energy projects in Meghalaya
• D) Establishing new industrial zones

Answer: B) The agreement focuses on funding a climate-adaptive water harvesting project in Meghalaya to ensure reliable access to water and improve agricultural productivity.