Current Affairs Economy & Banking

BRICS Bank Approves $525-Mn Loan For Infra Projects In MP

Category : Economy & Banking

 The BRICS' New Development Bank has approved a $525-million loan for infrastructure projects in India. The loan will be used by the Indian government for on-lending to the Madhya Pradesh government for rehabilitating major district roads with a total length of about 2,000 km. The loan aims to improve connectivity of the rural interior with the national and state highways. 
Source-LiveMint


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