India, ADB sign loans worth over $2.2 billion for development projects

Published on December 16, 2025
Current Context: On 15–16 December 2025, India signed five loan agreements worth $2.2 billion with the Asian Development Bank (ADB).
India, ADB sign loans worth over $2.2 billion for development projects
  • $846m – PM‑SETU (Pradhan Mantri Skilling & Employability Transformation through Upgraded ITIs): Modernize 650 ITIs, skill 1.3 million youth in renewable energy & e‑mobility.
  • $650m – Rooftop Solar Programme: Expand affordable rooftop solar systems, supporting India’s clean energy transition.
  • $398.8m – ASTHA (Assam State Tertiary Health Care Augmentation Project): Strengthen tertiary healthcare facilities in Assam.
  • $240m – Chennai Metro Rail Investment Project (Tranche 2): Enhance urban mobility & sustainable transport.
  • $77m – Integrated Ecotourism & Sustainable Agri‑based Livelihood Development (Meghalaya): Promote eco‑friendly tourism & livelihoods.
  • Significance: Boosts skills, clean energy, healthcare, urban transport, and sustainable livelihoods across India.

Question:

Q.1 Which of the following ADB-backed projects in India focuses on modernising ITIs and skilling youth in renewable energy and e-mobility?
a) Rooftop Solar Programme
b) PM‑SETU
c) ASTHA
d) Chennai Metro Rail Investment Project

Answer: b)
PM‑SETU (Pradhan Mantri Skilling & Employability Transformation through Upgraded ITIs) received $846 million from ADB to modernise 650 ITIs and skill 1.3 million youth in renewable energy and e-mobility.
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