India, ADB sign 150 million dollar loan agreement

New Delhi: India and Asian Development Bank yesterday signed a 150 million dollar loan agreement to provide affordable housing for urban poor in Tamil Nadu. The agreement was signed between Additional Secretary, Department of Economic Affairs, Rajat Kumar Mishra and Country Director of Asian Development Bank’s India Resident Mission Takeo Konishi.

Speaking on the occasion,



Mr Mishra said that the project is aligned with the Government’s development priorities and policies on urban sector development, particularly the flagship program Pradhan Mantri Awas Yojana, Housing for All. He said, this will address housing shortage among poor urban dwellers in Tamil Nadu with provision of housing to eligible families.