ADB Approves $1 Billion Loan for India's Urban Transformation

The Asian Development Bank (ADB) approved a USD 1 billion loan to support India's urban transformation.

The programme supports the Urban Challenge Fund (UCF).

Focus areas include:

• Urban infrastructure
• Municipal governance
• Integrated planning
• Urban local bodies
• Municipal bonds
• Transit-oriented development
• Digital governance

ADB also approved USD 3 million technical assistance for MoHUA.

Key Notes

$1 billion → programme financing

$3 million → technical assistance

Major theme:
Urbanisation + municipal finance + digital governance