Central govt signs over 250-million dollar loan agreement with ADB

New Delhi: Centre has signed 273-million dollar loan agreement with Asian Development Bank for improving rural roads in Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal. S. Selvakumar, Joint Secretary, Department of Economic Affairs, and Teresa Kho, Country Director signed the loan agreement in New Delhi yesterday.

According to a release by Finance Ministry said, the loan will help in constructing over six thousand kilometers of all-weather rural roads in these states and benefit over 4200 rural habitations. This is the third and last tranche, of 800 million dollar financing facility under the Rural Connectivity Investment Programme. The enhanced connectivity will improve access of rural communities to markets, district headquarters, health and education facilities, and other centers of economic activity.