ADB lends $4.6 billion to India in 2021
Tags: International News
The Manila based multilateral lending agency ,Asian Development Bank has lent $ 4.6 billion to the Government of India / State governments in 2021.
In 2021 the Asian Development Bank has signed various agreements with the Governments to fund 17 projects with a loan amount of $4.6 billion including $ 1.8 billion loan for India's coronavirus disease pandemic response programme.
Of the COVID-19-related assistance, $1.5 billion was towards vaccine procurement and $300 million to strengthen primary health care in urban areas and the country's future pandemic preparedness.
Out of the $4.6 billion in loans, $2.2-billion in loans will be provided to the 12 state government projects .
It has also lent $271 million to the private sector in 2021.
India is the largest recipient of the Asian Development Bank amongst all its borrower countries .
Asian Development Bank
It was set up in 1966.
Its headquarters is at Mandaluyong City, Manila, Philippines
Total member countries : 68
President of ADB : Masatsugu Asakawa of Japan
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