ADB aids USD 350 Million Improve Urban Services In India
Highlights:
- The Asian Development Bank (ADB) will give a loan of USD 350 million to improve access to urban services in India.
- By expediting policy initiatives and reforms aimed at improving service delivery and by supporting performance-based central fiscal transfers to urban local governments, access to urban services will be improved (ULBs).
- For program execution, monitoring, and evaluation, the ADB will provide knowledge and advisory support to the Ministry of Housing and Urban Affairs.
- ADB will also assist ULBs, particularly in low-income states, in the areas of policy reform, investment planning, and cross-cutting concerns such as gender equality, climate change, social inclusion, and environmental and social safeguards evaluation.
- Under the Sustainable Urban Development & Service Delivery Programme, the finance ministry has inked a loan arrangement for the first sub-program for USD 350 million.
- The sub-program aims to develop key policies and principles for urban transformations at the national level.
- This program is consistent with the government's national flagship initiatives, encouraging cities as economic growth engines.
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