ADB Approves $ 1.5 Billion Loan to India for Purchasing Covid-19 Vaccines

The Asian Development Bank has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement.

The loan from ADB will fund at least 66.7 crore COVID-19 vaccine doses for an estimated 31.7 crore people, it added. It will support India’s National Deployment and Vaccination Plan which aims to fully vaccinate 94.47 crore people aged 18 years and above. The Asian Infrastructure Investment Bank is expected to co-finance an additional $ 500 million for the project.