list of loan agreement for India from different organizations 2022

About Asian Development Bank (ADB)

·       Founded – 19 December 1966

·       Headquarters – Mandaluyong, Metro Manila, Philippines

·       President – Masatsugu Asakawa

·       Vice President – Ashok Lavasa

·       Director of ADB for India – Takeo Konishi

·       Executive Director – Sameer Kumar Khare

·       Member Countries – 68 (Nuie)

India has provided a total of 968 million US dollars in loans to the island nation in four months of 2022.

The $150 million loan has a maturity period of 15 years which includes 6 months period.

It will be specially focused on adolescent girls & disease surveillance.

The first-of-its-kind database of arrested narcotics offenders has been made operational for use by various central and state prosecution agencies.

The loan has been provided under the Himachal Pradesh Rural Drinking Water Improvement and Livelihood Project.

It is a program which aims to improve education results for children across Gujarat state.

This financing will benefit an additional 3,000 schools that have been disproportionately affected by the COVID-19 pandemic.

The watershed department will carry out the Uttrakhand climate Responsive rain-fed Farming Project. It will also encourage environment friendly agricultural practices.

The total funding of USD 122,475,000 from Centres for Disease Control and Prevention (CDC) will, over a period of five years, be distributed to the top three Indian health research institutions – ICMR, NIV and NIE.

The SRESTHA-G project will be worth USD 500 million, with the World Bank contributing USD 350 million. The project will include transforming key health delivery systems in the state.

Financing will be provided in the areas like nutrition, agriculture, water, social protection, and irrigation so as to address the ongoing food insecurity across the globe over the next 15 months.

The loan from the World Bank’s International Bank for Reconstruction and Development will be for USD 500 million, with the remaining $308 million coming from the Centre, according to the statement.

It is the ADB’s first partnership with HSBC, and under the terms of the agreement, an equivalent of USD 30 million in aggregate financing would be disbursed to three Microfinance Institutions (MFIs) in India by April 2022 to stimulate the partnership.

The 7 projects are:

1.     The Dedicated Freight Corridor Project (Phase 2) (III)

2.     Chennai Metro Project (Phase 2)(II)

3.     Bengaluru Water Supply and Sewerage Project (Phase 3) (II)

4.     North East Road Network Connectivity Improvement Project (Phase 6)

5.     Tamil Nadu Biodiversity Conservation and Greening Project for Climate Change Response

6.     Assam Health System Strengthening Project

7.     Uttarakhand Integrated Horticulture Development Project

The ‘Mission Schools of Excellence’ will be implemented in the next five years at an estimated cost of Rs 10,000 crore.

This milestone project is ADB’s first supply chain finance transaction in India. To make it easier for small and medium-sized enterprises (SMEs) in India to participate in trade through environmental and socially sustainable supply chains.

The Adaptation Fund Climate Innovation Accelerator (AFCIA) window’s first round of funding will improve local climate action and speed the achievement of the Paris Agreement’s and Sustainable Development Goals’ ambitions.

The ₹600 crore aid has been approved for reviving/ upgrading ITIs/polytechnics run by the Directorate of Vocational Education and Training under the Department of Skills, Employment, Entrepreneurship and Innovation. 

The loan of $47 million provided from the International Bank for Reconstruction and Development (IBRD) has a final maturity of 11 years, including a grace period of 4.5 years. Mission Karmayogi was launched by Union Cabinet on 2nd September 2020.

First loan worth USD 157 million is being provided to mitigate flood and riverbank erosion risks along Jamuna, Padma, and Ganges rivers. It is part of 2nd tranche of Flood and Riverbank Erosion Risk Management Investment Program (FRERMIP).

Additionally, the Government of the Netherlands will provide USD 17.89 million in technical assistance grant, to be administered by ADB, to help finance the second tranche of the program, and promote innovations, and capacity building. ADB has also approved USD 135 million to improve access and quality of inclusive water services.

The disbursement under the IMF’s Rapid Financing Instrument (RFI), equivalent to 50% of Ukraine’s quota in the IMF, will help fund urgent spending needs in the short term, while helping to catalyze financing from other partners.

World Bank runs more than 400 programs for social assistance, care services, and jobs under umbrella platform called Jai Bangla.

India’s support for fuel imports — by Sri Lanka from India — through the LoC, is in response to Lanka’s urgent requirement.

Aim: to help Sri Lanka cope with its current fuel shortages, amid one of the worst economic meltdowns facing Sri Lanka.

This included USD 1.8 billion towards coronavirus disease (COVID-19) pandemic response.

The USD 4.6 billion was committed by ADB for 17 loans. The USD 1.8 billion COVID-19-related assistance included USD 1.5 billion for vaccine procurement and USD 300 million to strengthen primary health care in urban areas and the country’s future pandemic preparedness.

The agency extended a USD 2.2-billion support for 12 state projects, committed to its geographically balanced programming. The ADB’s India portfolio comprised 69 projects worth USD 15.5 billion as of 31st December 2021.

The International Bank for Reconstruction and Development (IBRD), lending arm of World Bank Group financing will support the $115 million loan and has a maturity of 15 years, including a grace period of 4.5 years.

Karnataka with $60 million, Odisha with $49 million, and the remaining $6 million will be for the central government’s Department of Land Resources. 

The funding pattern includes up to USD 58 million direct loan by the ADB and a USD 10 million concessional loan by the Canadian Climate Fund for the Private Sector (CFPS) in Asia.

Under the ADB’s loan, 80% will be lended to women borrowers or co-borrowers and 20% will be allocated to financing mortgages for green certified homes for low-income households.

The project will cost around Rs 1,000 crores for pollution abatement of rivers. The Mula and Mutha are the most polluted city Pune, which later meets Krishna River in Western Ghats and finally empties into the Bay of Bengal.

Aim: To improve the water quality by augmenting sewage collection systems, sewage treatment facilities and improving sanitation in Pune Municipal Corporation area.

This project is being AIIB’s 1st data centre project. India is a key founding member of AIIB.

AIIB invested USD 100 million through a parallel fund structure and USD 50 million through co-investments in KDCF II. AIIB will invest in the fund as a Limited Partner.

The loan will be sanctioned under the ‘WB Building State Capability for Inclusive Social Protection’ operation which will strengthen the access to social assistance and targeted service for poor and vulnerable groups.

The WB government has been running a ‘government at your doorstep’ initiative named ‘Duare Sarkar’, the programme which offers several government schemes’ benefits at the ‘doorstep’.

This is the first subprogram of the programmatic USD 500 million loans to develop 11 industrial corridors spanning 17 states.

The current rate of interest for electric two-wheelers & electric 3 Wheelers, which is in the range of 20-25 percent is expected to be reduced to 10-12 percent.

Meghalaya Health Systems Strengthening Project will improve the quality of health services in the state and strengthen the management and governance capabilities of the state to handle future health emergencies including COVID-19.

ADB will also provide a $1 million technical assistance (TA) grant from its Technical Assistance Special Fund to support the project’s capacity building and awareness-raising activities.

AIIB provides USD 500 million and the Manila-based ADB is expected to finance USD 1.5 billion.

The central government would return 80% of the loan amount and the state government would refund the remaining 20%.

The AIIB has approved around 29 projects for India worth USD 6.8 billion till 2021. Now, India has become one of the largest beneficiaries of AIIB.

This programme will be implemented in urban areas across 13 states.

The programme supports Ayushman Bharat Health and Wellness Centres and PM Atmanirbhar Swasth Bharat Yojana. The programme is supported by a $2 million technical assistance grant from ADB’s Japan Fund for Poverty Reduction for program implementation, capacity building, innovation, knowledge sharing across the healthcare system.

Students from all grades and stages of school education will benefit from the project.

The project will benefit around 40 lakh students (between the age of 6 and 14) in over 45,000 Government schools, 10 lakh children (between the age of 3 and 6) enrolled in Anganwadis (Integrated Child Development Centers).

The fund will be used to procure at least 66.7 crore COVID-19 vaccine doses for an estimated 31.7 crore people of the country. The Asian Infrastructure Investment Bank is expected to co-finance an additional USD 500 million for the project.

Under its commitments, Germany allotted €713 million for energy, €409 million for urban development, and €90 million for agroecology & natural resources.

This programme will fulfil Tamil Nadu’s vision of making Chennai into a city which is more green, liveable, and resilient towards climate change. Apart from programme in Tamil Nadu.

Earlier in 2018, ADB had announced an $80 billion goal for climate financing for developing countries in Asia during 2019-2030.

It will help residents of Chennai–Kosasthalaiyar basin to cope with intensifying rainfall, a higher sea level rise, and a storm surge caused by cyclones, and protect lives, economy, and environment.

ADB will provide a $500,000 technical assistance (TA) grant from its Technical Assistance Special Fund and $2 million from the Japan Fund for Poverty Reduction on a grant basis to improve market linkages for FPOs (Farmer Producer Organizations).

The state is vital to India’s economic growth, contributing 8.54 per cent to the country’s gross domestic product.

“The project will be ADB’s first urban project in the state and help establish a model for continuous water supply combined with policy reforms for sustainable operation which can be replicated by other low-income states for providing safe drinking water to urban households as envisaged under national Jal Jeevan Mission.

The additional financing for the ongoing Maharashtra Rural Connectivity Improvement Project will help improve an additional 1,100 rural roads and 230 bridges for a total length of 2,900 kilometers (km) in 34 districts.

The ongoing project with 200 million dollars financing, approved in August 2019, is already improving and maintaining the condition and safety of 2,100 km of rural roads across Maharashtra.

The project will develop a plan to ensure sustainable operation and maintenance of stormwater drainage systems. The project will also support the GCC to develop a road map to strengthen municipal resource mobilization for delivering sustainable and quality municipal services to the citizens.

The project involves the construction of a new corridor in Chennai’s metro network as part of Chennai Metro Rail Phase 2.

Metro Rail Network in Bengaluru will be expanded with the construction of two new metro lines of 56 kilometers.

(about Rs 3,717.28 crore)

Of the USD 500 million commitment, USD 112.50 million will be financed by its concessionary lending arm International Development Association and USD 387.50 million will be a loan from International Bank for Reconstruction and Development (IBRD).

The project titled “Mizoram Health Systems Strengthening Project” will strengthen the governance and the management structure of the Mizoram Health department and its subsidiaries

The entire project will be co-financed by IBRD (World Bank) – USD 105 million, Asian Infrastructure Investment Bank – USD 105 million and the Punjab government – USD 90 million.

The Climate Change adaptation measures are to be incorporated in the highway upgrades. The project is to strengthen road safety programmes through advanced technologies for road monitoring.

The institution had announced a package of USD 20 billion in April 2020 to provide financial support to 26 countries to help fight the pandemic.

The World Bank scheme, along with State Bank of India (SBI) and the MSME ministry to accelerate adoption of rooftop solar units, will help MSMEs access credit of around $1 billion.

The Greater Male Connectivity project is the Male to Thilafushi Link project in Maldives.

NIIF Fund of Funds (FoF): The FoF was established in the year 2018. It was established with the objective of providing the access of the homegrown Indian private equity fund managers to the institutional investor that operates at scale with focus on India. The FOF has made commitments to four funds till date. The aggregate commitment stands over ₹2,750 crore.

Purpose: Develop sustainable production systems that allow tribal households in remote areas of Chhattisgarh to practice round-the-year production of diversified and nutritious food.

The “Nagaland: Enhancing Classroom Teaching and Resources Project” will improve classroom instruction; create opportunities for the professional development of teachers.

The second project – Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement Project – comprises widening 1,400 km of district roads to double lane

The funds will be used to provide reliable, fast, safe and comfortable public transport system in the region.

The project cost of the two lines will be about Rs 23,000 crore and the KfW’s loan will amount to roughly Rs 4,000 crore

ADB added that this was its second investment in Avaada Energy after the first round of $50 million invested in April 2019.

$200 million First Tamil Nadu Housing Sector Strengthening Programme and $50 million Tamil Nadu Housing and Habitat Development Project

The board approved a loan for Strengthening Teaching-Learning and Results for States Program (STARS) on June 24, 2020.

Aims: The aim is to improve water management practices and increase agricultural productivity in selected Gram Panchayats in Himachal Pradesh

Purpose: Help modernize Assam’s passenger ferry sector that runs on its rivers including the mighty Brahmaputra.

ORGANIZATION/BANK

PURPOSE

The total cost of the project is $653.5 million, of which the government will provide $202.5 million, the Manila-headquartered multilateral agency.

Since starting operations in 2016, AIIB has invested $2.894 billion in 13 projects in India, including a $500-million loan approved last month to ease congestion in Mumbai- the country’s financial hub- and another $75 million to Tata Cleantech Capital Ltd for on-lending to renewable energy projects.

AIIB has also invested $50 million last month in Oriental Infra Trust, an infrastructure investment trust sponsored by Oriental Structural Engineers Pvt Ltd and Oriental Tollways Pvt Ltd with five operational road assets, consisting of four toll-road assets and one annuity road asset, in the states of Maharashtra, Madhya Pradesh, Uttar Pradesh and Karnataka.

Aims: The project “The Odisha Integrated Irrigation Project for Climate Resilient Agriculture” will be implemented in Odisha’s rural areas which are vulnerable to droughts and largely dependent on rainfed agriculture.

Aimed: capitalizing Fundo Clima to expand its on-lending operations to sub-projects contributing to climate change mitigation and adaptation.

Bank provide a loan of USD 300 million to REC Limited to support the Government of India’s increasing investment in the renewable energy sector.

The Project is aimed: At improving the energy mix in India by providing funds for the construction and commissioning of renewable energy sub-projects. The Project will create jobs and contribute to the reduction of carbon emissions and environmental pollution.