CURRENT AFFAIRS

Detailed explanation-1: -The Himachal Pradesh Subtropical Horticulture, Irrigation, and Value Addition Project will help increase the income and resilience to the effects of climate change of at least 15, 000 farm households in Bilaspur, Hamirpur, Kangra, Mandi, Sirmour, Solan, and Una.

Detailed explanation-2: -Q. The Asian Development Bank (ADB) has approved a $251 million loan for urban flood protection and management in which state? Notes: The Asian Development Bank (ADB) has approved a $251 million loan for urban flood protection and management in the Chennai–Kosasthalaiyar river basin in the state of Tamil Nadu.

Detailed explanation-3: -“The reforms undertaken through the subprogram will help boost living standards of low-income populations, encourage the development of MSMEs, bring in more employment opportunities, and address poverty and social inequality, ” said ADB Financial Sector Specialist for Southeast Asia Poornima Jayawardana.

Detailed explanation-4: -ADB offers hard currency loans, both senior and subordinated, as well as mezzanine financing. We also offer local currency loans in selective markets on a case to case basis. Interest rates and other terms vary, depending on a company’s or project’s needs and risks.