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Detailed explanation-1: -MANILA, PHILIPPINES (3 November 2022) - The Asian Development Bank (ADB) today approved a $350 million loan to improve the connectivity of key economic areas in Maharashtra, India.

Detailed explanation-2: -The Asian Development Bank (ADB) is a regional development bank headquartered in Manila, Philippines. The bank was set up in 1966 under the leadership of Japan as one of the first industrialized states in Asia. The ADB finances development projects in its member states across Asia.

Detailed explanation-3: -The correct answer is Asian Development Bank. For the highways up-gradation project in Karnataka, the Asian Development Bank has approved a loan of $ 346 million.

Detailed explanation-4: -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.