Asian Development Bank (ADB) helps its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. Recently it has collaborated with GOI, Uttarakhand, and IIFL Home Finance Limited for various projects.
- ADB Loan to Promote Plant Health Management in India’s Horticulture
- ADB approves USD 200 million boost to enhance water supply and sanitation in Uttarakhand
- IIFL Home Finance Ltd. presents the 15th chapter of ‘Kutumb’ in collaboration with the Asian Development Bank (ADB).
ADB Loan to Promote Plant Health Management in India’s Horticulture
ADB has approved a USD($) 98 million(Rs.816 Cr) loan to improve the horticulture crop farmers’ access in India to certified disease-free planting materials.This initiative aims to improve the crop yield, quality, and resilience to impacts of climate change.
- This project will support the Government of India’s Atmanirbhar Clean Plant Program(CPP).The CPP aims to enhance the availability of disease-free, quality planting material for high-value horticultural crops.
- The project will be implemented by the Ministry of Agriculture and Farmers Welfare and the National Horticulture Board and the Indian Council of Agricultural Research.
- It was announced in Feb 2023 to establish clean plant centres and a certification scheme to develop a framework and accrediting private nurseries for selling disease-free planting material to farmers.
- It will set up a minimum of six clean plant centres dedicated to preserving disease-free foundation materials.
ADB Approves USD 200 million boost to enhance water supply and sanitation in Uttarakhand
ADB approves additional funding of USD 200 million for the Uttarakhand Integrated and Resilient Urban Development Project. This is in addition to a USD125 million loan sanctioned in November 2021 for water supply and sanitation services in Dehradun and Nainital.
- ADB and India aims to attain the goal with the objectives of the Atal Mission for Rejuvenation and Urban Transformation and Swachh Bharat Mission.
- These urban programs focus on enhancing urban water supply, sanitation, and stormwater drainage in the country.
- Construction of an 817 km piped water supply network in Haldwani and Tanakpur for nonrevenue water management through AI-based leak detection technologies
- Installation of 45000 water meters to encourage efficient water consumption in poor households.
- Construction of 268 km of sewer pipes, 99 km of stormwater drainage, and connecting 12,000 households to the sewer network in Dehradun and Haldwani.
IIFL Home Finance Ltd. presents the 15th chapter of ‘Kutumb‘ in collaboration with the ADB
IIFL Home Finance Ltd and Asian Development Bank jointly hosted the 15th chapter of the ‘kutumb’ event and the 10th in series with ADB in Delhi,India to discuss the green building ecosystem and affordable housing. IIFL Home Finance Ltd. and the Asian Development Bank (ADB) joined forces for a Technical Assistance (TA) initiative named ‘Enabling the Ecosystem to Improve Access to Green Affordable Housing for Women’ addressing key areas such as green building, affordable housing, and women’s housing access in India.
- ‘Kutumb’ has played a significant role in helping IIFL Home Finance Ltd. serve more than 250,000 customers
- IIFL HFL has facilitated a credit-linked subsidy of more than Rs 1,746 crore to over 72,000 households under PMAY (U) as of 31st August 2023
- Housing loans to women borrowers in economically weaker sections and low-income groups will be provided, of which 20% will be toward financing green-certified homes in Tier 2 and Tier 3 cities.
- This also played a pivotal role in raising awareness among the Economically Weaker Section (EWS) and Low-Income Group (LIG) categories in India through the “Resilient and Green Affordable Housing” project.
Keynote:– The Kutumb event focused on insights based on promoting and advancing Green Affordable Housing in India, aiming to create opportunities for accessible green housing for everyone.
About Asian Development Bank
Founded in-1966
Headquarters– Manilla, Philippines
President- Masatsugu Asakawa
