ADB okays $620 mn loan for Madhya Pradesh, West Bengal

https://timesofindia.indiatimes.com/business/india-business/adb-okays-620-mn-loan-for-madhya-pradesh-west-bengal/articleshow/65598432.cms TOI, Delhi August 30, 2018 ADB okays $620 mn loan for Madhya Pradesh, West Bengal Asian Development Bank (ADB) has approved USD 620 million loan to boost irrigation projects in Madhya Pradesh and supply clean water in West Bengal. ADB inked USD 375 million loan agreement with the Madhya Pradesh government that will be used to contribute to double farming income by expanding irrigation networks and system efficiency, the multi-lateral funding agency said in a release. Separately, the board of directors of ADB approved a financing package of USD 245 million to provide safe, sustainable, and inclusive drinking water service in West Bengal. This is expected to benefit about 1.65 million people in three districts of West Bengal affected by arsenic, fluoride and salinity. The Madhya Pradesh Irrigation Efficiency Improvement Project will develop 1,25,000 hectares (ha) of