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    Question

    Which bank signed a USD 200 million loan agreement with

    the Government of India in July 2024 to enhance solid waste management and sanitation in 100 cities across 8 states?
    A National Bank for Agriculture and Rural Development (NABARD) Correct Answer Incorrect Answer
    B Reserve Bank of India (RBI) Correct Answer Incorrect Answer
    C International Finance Corporation (IFC) Correct Answer Incorrect Answer
    D Asian Development Bank (ADB) Correct Answer Incorrect Answer
    E Japan International Cooperation Agency (JICA) Correct Answer Incorrect Answer

    Solution

    In July 2024, the Asian Development Bank (ADB) and the Government of India entered into a USD 200 million loan agreement aimed at boosting solid waste management and sanitation services in 100 cities across eight states. This initiative is part of the Swachh Bharat Mission (SBM) 2.0, which targets comprehensive municipal waste management to achieve garbage-free cities by 2026. The loan will support the development of sanitation infrastructure and services, including waste segregation, collection, and disposal systems.

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