India & ADB sign $200 million loan to improve rural connectivity in Maharashtra

भारत और एडीबी ने महाराष्ट्र में ग्रामीण कनेक्टिविटी में सुधार के लिए $ 200 मिलियन ऋण पर हस्ताक्षर किए

Points to Remember:

  • The Asian Development Bank (ADB) and the Government of India signed a $200 million loan to upgrade rural roads to all-weather standards in 34 districts of Maharashtra State to improve road safety and better connect rural areas with markets and services.
  • ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
  • Established in 1966, it is owned by 68 members—49 from the region.
  • In 2018, it made commitments of new loans and grants amounting to $21.6 billion.

About ADB:

  • The Asian Development Bank is a regional development bank established on 19 December 1966, which is headquartered in Metro Manila, Philippines.
  • Headquarters: Mandaluyong, Philippines
  • President: Takehiko Nakao
  • Founded: 19 December 1966
  • Membership: 68 countries
  • Purpose: Economic development
Important Possible questions based on above News:
  1. Recently with whom India has signed $200 million loan to improve rural connectivity in Maharashtra? ADB
  2. In order to improve road connectivity of which state, India & ADB has signed $200 million Loan agreement recently? Maharashtra

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