Archive · 31 May 2025
ADB to Provide USD 4.5 Billion Loan Annually to India
The Asian Development Bank (ADB) is going to lend India up to $4.5 billion every year.
This was decided after a meeting between ADB's boss, Masato Kanda, and India's Finance Minister, Nirmala Sitharaman.
The money will help India with projects such as improving cities, helping businesses, and teaching people new skills.
ADB will also support plans to help villages become stronger and more prosperous, including creating jobs and encouraging local businesses.
The goal is to help India grow and develop in a sustainable way, ensuring progress reaches every city and village.
ADB President Masato Kanda announced the agency's readiness to provide up to USD 4.5 billion in sovereign lending to India annually.
The agreement was made during a meeting between Kanda and Indian Finance Minister Nirmala Sitharaman.
ADB will also provide approximately USD 1 billion in private sector financing.
The funds will support projects focusing on urban transformation, private sector development, and skills programs.
ADB will also support integrated rural prosperity initiatives in India.
- Who
- Asian Development Bank and India
- What
- ADB will provide up to USD 4.5 billion in sovereign lending to India annually.
- When
- May 31, 2024
- Where
- New Delhi, India
- Why
- To deepen ADB's partnership with India and support initiatives like Viksit Bharat 2047 vision.
- Annual Loan Amount
- USD 4.5 billion
- Private Sector Financing
- USD 1 billion
- ADB President
- Masato Kanda
- Indian Finance Minister
- Nirmala Sitharaman
- Related Initiative
- Viksit Bharat 2047 vision