Current Affairs - State - Discussion

The Central government and the Asian Development Bank (ADB) have signed a $42 million loan agreement aimed at strengthening coastal and riverbank protection in Maharashtra. This initiative is designed to enhance the resilience of coastal communities against coastal erosion, flooding, and climate change. The project includes hybrid approaches like offshore reefs, rock protection works, and nature-based solutions such as beach and dune nourishment. It also focuses on boosting local sectors such as tourism and fisheries, vital for the state's economy, and incorporates advanced technologies for better shoreline management.