How does the loan signed by GoI and ADB aim to support urban services in India

The loan signed between the Government of India (GoI) and the Asian Development Bank (ADB) aims to support urban services in India by improving urban infrastructure and governance systems. Here are the main points of the loan agreement:

• Funding: The loan provides financial assistance to the GoI to develop and upgrade urban infrastructure and services in select cities of India.
• Urban Infrastructure: The loan will be used to invest in the development of sustainable urban infrastructure, such as water supply, sanitation, solid waste management, and urban transportation.
• Urban Governance: The funds will also be used to enhance urban governance systems, including strengthening urban planning, policy development, and capacity building for urban service delivery.
• Sustainable Development: The loan agreement emphasizes the importance of sustainable and inclusive urban development, ensuring that the infrastructure projects are environmentally friendly and benefit all sections of society.
• Institutional Reforms: The loan includes provisions for implementing institutional reforms that aim to improve the efficiency, transparency, and accountability of urban service delivery.

Overall, the loan signed between GoI and ADB aims to support India's efforts in providing better urban services and improving the overall quality of life for its urban residents.