ADB approves Rs 2,645-crore loan to improve urban services in India

Asian Development Bank said it has approved a Rs 2,644.85 crore (USD 350 million) loan for India to help improve its urban services.

The loan supports the policies established by the Ministry of Housing and Urban Affairs to accelerate universal coverage of piped water supply and improved sanitation. This is part of the recently launched national programme AMRUT 2.0 and to provide affordable housing to all, including poor, urban migrant and industrial workers, under Pradhan Mantri Awas Yojana.