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The Economic Times
The Economic Times

ADB commits $1 bn to support sustainable growth and resilience of India's cities

ADB India the Asian Development Bank Government of India

New Delhi: The Asian Development Bank (ADB) has approved a USD 1 billion loan to support the Government of India's urban reform agenda and maintain momentum in urban investments and reforms aimed at transforming cities into engines of economic growth, innovation, and livability.

Besides, the Manila-based multilateral funding institution also approved a USD 850-million loan to support reforms that will speed up the rollout of the Government of India's flagship rooftop solar programme, boosting the resilience of Indian households through better access to affordable clean energy.

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