Asian Development Bank approves $100 million loan

Government of India and ADB Sign US $ 100 Million Loan for 'Climate Adaptation in Vennar Subbasin of Cauvery Delta project' in Tamil Nadu

Question: Recently government of India and the Asian Development Bank (ADB) signed a $100 million loan agreement to strengthen key irrigation and drainage system and improve water management in which of the following state?
(a) Karnataka
(b) Andhra Pradesh
(c) Tamil Nadu
(d) Maharashtra
Ans:(c)
Related facts:

  • On 14 July 2016 the Government of India and the Asian Development Bank (ADB) signed a $100 million loan agreement.
  • The agreement was signed to strengthen key irrigation and drainage system and improve water management in the Vennar sub-basin of the Cauvery delta in Tamil Nadu.
  • The financing will be used to strengthen embankments of six major irrigation water channels in the Vennar system and rehabilitate 13 irrigation pumping schemes.
  • The project aims to improve existing infrastructure and will provide flood protection and renewed access to irrigation.
  • The Water Resources Department of the State of Tamil Nadu is responsible for implementing the project, which is expected to be completed by December 2020.

Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=147075
http://www.adb.org/news/adb-loan-help-tackle-climate-threats-tamil-nadu-s-cauvery-delta