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Detailed explanation-1: -The Asian Development Bank (ADB) on Friday said it had approved a USD 250 million policy-based loan to support India’s wide-ranging reforms that aim to strengthen and modernise the country’s logistics infrastructure, improve efficiency and lower costs.

Detailed explanation-2: -The Asian Development Bank (ADB) has approved a $250 million policy-based loan to support the centre’s reforms aimed at strengthening and modernizing logistics infrastructure, improving efficiency, and lowering costs.

Detailed explanation-3: -The Asian Development Bank (ADB) on Friday said it has approved a USD 250 million (about Rs 1, 875 crore) loan to support India’s National Industrial Corridor Development Program (NICDP).

Detailed explanation-4: -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.