2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Asian Infrastructure Investment Bank (AIIB)
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World Bank
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UNDP
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Asian Development Bank (ADB)
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Detailed explanation-1: -Industrial corridors as catalysts for sustainable urbanization across India. The Asian Development Bank (ADB) on October 29, 2021, approved a $250 million (about Rs 1, 875 crores) loan to offer support to India’s National Industrial Corridor Development Program (NICDP).
Detailed explanation-2: -The ADB on Friday said it has approved a $250 million policy-based loan to support India’s wide-ranging reforms that aim to strengthen and modernise the country’s logistics infrastructure.
Detailed explanation-3: -UPSC Mains Q. Which institution signed a $ 250 million loan with India to support the National Industrial Corridor Development Program (NICDP)? Notes: The Asian Development Bank (ADB) and the Indian government have signed a $ 250 million loan to support the National Industrial Corridor Development Program (NICDP).
Detailed explanation-4: -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-5: -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.