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Which Bank approves $96.3 million loan to Himachal Pradesh for safe drinking water project?
World Bank
Reserve Bank of India
New Development Bank
Asian Development Bank

Correct Answer : Option (D) - Asian Development Bank

The Asian Development Bank (ADB) has approved a USD 96.3 million (about Rs 770 crore) loan to fund safe drinking water and sanitation project in Himachal Pradesh.
The loan has been provided under the Himachal Pradesh Rural Drinking Water Improvement and Livelihood Project, ADB said in a release on Saturday(23rd July 2022).
It said more than 90 per cent of the state’s rural population have access to drinking water, but the water supply infrastructure is old and deteriorated, resulting in inefficient and poor service quality.
The ADB project will connect 75,800 households to the service, providing uninterrupted water supply to about 370,000 residents across 10 districts.
“The project meets the objectives of the Jal Jeevan Mission, a national flagship programme of Government of India, which aims to provide piped water to all rural households by 2024,” said Jude Kohlhase, ADB Unit Head of Project Administration on Urban Development and Water for South Asia..

Source : Financial Express

Published On : July 26, 2022
Category : Banking