Question

India had signed how much amount of loan agreement with ADB for construction of over $6,200$- kilometer rural roads in five states? [Jan 2018]

• A. $\$550$ million
• B. $\$450$ million
• C. $\$250$ million
• D. $\$750$ million

Answer 1

Answer: (C)

$\$250$ million

The Government of India (GoI) and the Asian Development Bank (ADB) had signed a $250 million loan agreement for the construction of over 6,200 kilometers all-weather rural roads in Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal under the Pradhan Mantri Gram Sadak Yojana (PMGSY). The program is aimed at improving rural connectivity, facilitating safer and more efficient access to livelihood and socio-economic opportunities for rural communities through improvements to about 12 thousand kilometers Rural Roads across the 5 States.