Current Affairs - State - Discussion

Asian Development Bank (ADB) and Indian Government have signed USD 250 million loan agreement for construction of all-weather roads in five Indian states under Pradhan Mantri Gram Sadak Yojana. Funds procured through this loan will be used for construction of 6254 kilometres all-weather rural roads in West Bengal, Chhattisgarh, Assam, Madhya Pradesh and Odisha. First tranche of this loan is part of the USD 500 million Second Rural Connectivity Investment Programme for India, which was approved by ADB in December 2017. USD 800 million First Rural Connectivity Investment Programme (executed in 2012, financed by ADB) added about 9000 kilometres of all-weather rural roads in the above mentioned states.