ADB: USD 350 Million Improve Urban Services In India

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The Asian (ADB) will give a loan of USD 350 million to improve access to urban Services in India.

Highlights:

By expediting policy initiatives and reforms aimed at improving service delivery and by supporting performance-based central fiscal transfers to urban local governments, access to urban services will be improved (ULBs).

For program execution, monitoring, and evaluation, the ADB will provide knowledge and advisory support to the Ministry of Housing and Urban Affairs.

ADB will also assist ULBs, particularly in low-income states, in the areas of policy reform, Investment planning, and

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cross-cutting concerns such as gender Equality, Climate-change”>Climate Change, social inclusion, and environmental and social safeguards evaluation.

Under the Sustainable Urban Development & Service Delivery Programme, the finance ministry has inked a loan arrangement for the first sub-program for USD 350 million.

The sub-program aims to develop key policies and principles for urban transformations at the national level.

This program is consistent with the government’s national flagship initiatives, encouraging cities as economic Growth engines.