CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country signs $500 Million Additional Financing For PMGSY?
A
India
B
Pakistan
C
Iran
D
Iraq
Explanation: 

Detailed explanation-1: -The Asian Development Bank (ADB) and the Government of India today signed a $250 million loan to finance the construction of 6, 254 kilometres all-weather rural roads in the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal under the Prime Minister’s Rural Roads Program (PMGSY).

Detailed explanation-2: -The World Bank has approved a USD 235 million credit for the Bihar Rural Roads Project to improve and effectively manage rural road network of the state.

Detailed explanation-3: -The eligibility under PMGSY is determined on the basis of habitations to be connected. As per programme guidelines, the unit of this programme is a habitation and not a revenue village or a Gram Panchayat. The number of habitations provided connectivity during the last 5 years, state-wise, is given in the Annexure.

Detailed explanation-4: -Even in the rural areas, PMGSY covers only the Rural Roads i.e., Roads that were formerly classified as ‘Other District Roads’ (ODR) and ‘Village Roads’ (VR).

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