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ADB finances 17 loans worth $4.6 Bn to India

  • On Sunday, the Government of India and the Asian Development Bank (ADB) signed 17 agreements for loans worth $4.6 billion.

  • Out of the total amount, $1.8 billion will be used to provide COVID-19 related assistance.

  • Rest of the amount will be used to support transport, urban development, finance, agriculture, and skills building.

  • "The Asian Development Bank committed a record USD 4.6 billion in sovereign lending to India in 2021 for 17 loans, including USD 1.8 billion for the country's coronavirus disease (COVID-19) pandemic response," ADB said.