ADB Approved USD 460 Million Loan for Agricultural Solarization in Maharashtra

Current Context: The Asian Development Bank (ADB) has approved a USD 460 million loan on October 29, 2025, to support agricultural solarization in Maharashtra.

• The program, called the Maharashtra Power Distribution Enhancement Program for Agricultural Solarization, aims to modernize rural power infrastructure.
• It will provide farmers with reliable daytime solar electricity for irrigation, reducing dependence on grid subsidies and diesel pumps.
• An additional USD 40 million concessional loan from the Clean Technology Fund (CTF) will complement the project.
• The initiative aligns with Maharashtra’s Power Sector Vision 2030, promoting renewable energy and rural access.
• It will also support 1,000 MW decentralized solar generation, battery storage, and feeder solarization, boosting productivity and sustainability.

Question:

Q.1 Which international financial institution approved a USD 460 million loan for Maharashtra’s agricultural solarization on October 29, 2025?
a) International Monetary Fund (IMF)
b) Asian Development Bank (ADB)
c) World Bank
d) New Development Bank (NDB)

Answer: b) The loan package for agricultural solarization in Maharashtra was approved by the Asian Development Bank, not the IMF, World Bank, or NDB.