ADB Loans $200 Million for India’s Waste Management Improvement
The Asian Development Bank (ADB) has approved a $200 million loan to improve how solid waste and sanitation are handled in 100 cities across India. This project is part of the Swachh Bharat Mission 2.0, which aims to create cleaner cities.
Program Objectives
The funding will be used to improve waste management systems, focusing on better ways to separate, collect, and dispose of waste. The loan was signed by Juhi Mukherjee from the Finance Ministry and Mio Oka, ADB’s Country Director for India.
Infrastructure Development
The money will be used to build and upgrade facilities for handling waste, including:
- Bio-methanation plants: These facilities turn organic waste into energy.
- Composting plants: These turn organic waste into useful compost for soil.
- Managed landfills: Safe places to dispose of waste.
- Material recovery facilities: Places where materials from waste are sorted and recycled.
- Plastic waste processing centers: Facilities to process and recycle plastic waste.
Climate and Disaster Resilience
The plan will include climate protection, disaster readiness, gender equality, and social fairness in city services. It aims to improve the ability of city management teams to handle waste and sanitation better. The program will encourage cities to learn from each other and work with private companies to improve services.
About Swachh Bharat Mission 2.0
Swachh Bharat Mission 2.0, started in 2021, focuses on making sanitation practices last longer and be more effective. Its goal is to improve how cities handle their waste by encouraging community involvement. The mission supports using scientific ways to process waste, like composting (turning waste into useful compost) and recycling. It also aims to build more public toilets, especially for women. This effort matches the United Nations’ goals for sustainable development and seeks to create overall cleanliness in cities, making urban life better and tackling environmental issues in a meaningful way.
Month: Current Affairs - August, 2024
Category: Economy & Banking Current Affairs