Question
The Government of India signed a $200 million (about Rs
1,700 crore) loan with _______ to improve solid waste management and sanitation in 100 cities across eight states in the country. (July 2024)Solution
The Government of India recently signed a $200 million loan with the Asian Development Bank (ADB) to improve solid waste management and sanitation in 100 cities across eight states. Details- • Purpose: The loan is aimed at enhancing sanitation and solid waste management infrastructure under the Swachh Bharat Mission 2.0 - Comprehensive Municipal Waste Management in Indian Cities Program. • Focus Areas: The loan will support waste segregation, collection, disposal, the construction of bio-methanation and composting plants, and the establishment of plastic waste processing facilities. • Additional Support: The loan also includes funding for community toilets, urinals, and sweeping equipment, ensuring that services are climate- and disaster-resilient, with a focus on gender equality and social inclusion. About Asian Development Bank (ADB): • Established: 1966, headquartered in Manila, Philippines. • Mission: To promote economic development in the Asia-Pacific region. • Members: 68 countries, including India. • Focus Areas: Infrastructure, poverty reduction, and sustainable development. • India’s Partnership: A key partner in India's development projects, including urban infrastructure and energy.
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