India, ADB sign $300 million loan agreement to expand rural connectivity in Maharashtra | Daily Current Affairs Dose

India, ADB sign $300 million loan agreement to expand rural connectivity in Maharashtra | Daily Current Affairs Dose

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is India, ADB sign $300 million loan agreement to expand rural connectivity in Maharashtra.

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India, ADB sign $300 million loan agreement to expand rural connectivity in Maharashtra | Daily Current Affairs Dose

The Asian Development Bank (ADB) and the Government of India signed a $300 million loan Agreement as additional financing to scale up improvement of rural connectivity to help boost rural economy in the state of Maharashtra.

Read Also: India, ADB sign $112 million loan agreement to improve water supply infrastructure in Jharkhand | Daily Current Affairs Dose

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 financing, approved in August 2019, is already improving and maintaining the condition and safety of 2,100 km of rural roads across Maharashtra.

Read Also: Uttarakhand Governor Baby Rani Maurya resigns from the Post | Daily Current Affairs Dose

The Agreement Signed by

The signatories to the loan agreement were Mr. Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, signing for the Government of India, and Mr. Takeo Konishi, Country Director of ADB’s India Resident Mission signing for ADB.

India, ADB sign $300 million loan agreement to expand rural connectivity in Maharashtra: Key Highlights

The new project is expected to generate about 3.1 million person-days of employment for local communities, of which at least 25% will be for women, over the construction and maintenance periods. A gender action plan has been prepared to focus on capacity development of women workers so that they can benefit from the semiskilled and unskilled labor opportunities.

Important facts for upcoming exams from the above Current Affairs Topic

• Formation of Maharashtra: 1 May 1960
• Capitals of Maharashtra: Mumbai and Nagpur (Winter)
• Largest city of Maharashtra: Mumbai
• Total Districts in Maharashtra: 36
• Governor of Maharashtra: Bhagat Singh Koshyari
• Chief Minister of Maharashtra: Uddhav Thackeray (Shivsena)
• Deputy Chief Minister of Maharashtra: Ajit Pawar (NCP)
• Total number of assembly seats in Maharashtra: Bicameral Assembly (288 seats)
• Parliamentary constituency in Maharashtra: Rajya Sabha (19 seats), Lok Sabha (48 seats)
• Total Population of Maharashtra (2021): 124,700,000 (2nd)
• Official languages of Maharashtra: Marathi
• Literacy rate in Maharashtra (2011): 82.34%
• Sex ratio in Maharashtra (2011): 929 ♀/1000 ♂