ADB to provide USD 350 million to improve access to urban services in India
The Asian Development Bank (ADB) is set to provide USD 350 million loan for improving access to urban services across India.
Key Points
- Access to urban services will be improved:
- By accelerating policy actions and reforms of enhancing service delivery and
- By promoting performance-based central fiscal transfers to urban local bodies (ULBs).
- ADB will also provide knowledge and advisory support to the Ministry of Housing & Urban Affairs for programme implementation, monitoring and evaluation.
- ADB will also extend support to ULBs, particularly in select low-income states for implementing policy reforms, preparing investment plans, as well as providing recommendations on cross-cutting issues such as gender equality, climate change, social inclusion and environmental & social safeguards assessment.
Sub-programme under Sustainable Urban Development and Service Delivery Programme
Loan agreement for first sub-programme worth USD 350 million was also signed by ministry of finance, under Sustainable Urban Development & Service Delivery Programme. The sub-programme seeks to establish essential policies and guidelines for urban reforms at national level. This programme is in line with the government national flagship programmes, which promote cities as engines of economic growth.
ADB’s loan for skill university in Assam
ADB is also going to provide a USD 112-million loan for establish a skill university in Assam. For this, Government of India and ADB signed a deal on December 17. This university will be key to strengthen industry-aligned & flexible skills education and training system in Assam. Skill University project will support the design and construction of ASU campus. Project will also develop ASU’s management & operating systems and promote professional development of faculty members.
Related Posts
Month: Current Affairs - December, 2021