Question: Of how much million dollars, the Government signs loan agreement with Asian Development Bank (ADB) under Rural Connectivity Investment Program for Improving Rural Roads in States of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal ?
(a) 250 Million Dollars
(b) 300 Million Dollars
(c) 273 Million Dollars
(d) 350 Million Dollars
Ans (c)
Related facts:
- The Union Government on 9 November 2015 signed 273 million US dollar loan agreement with Asian Development Bank (ADB) to continue improving rural roads in the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal.
- The loan will help in constructing over 6,000 kilometers of all-weather rural roads in the aforesaid five States, benefiting over 4200 rural habitations.
- The Ministry of Rural Development (MORD) is the executing agency of the project at the central level.
- Shri S. Selvakumar, Joint Secretary (Bilateral Cooperation), Department of Economic Affairs, Ministry of Finance signed the Loan Agreement on behalf of the Government of India while Ms Teresa Kho, Country Director signed the loan agreement for ADB.
Reference: