Loans and Grants Current Affairs 2024: Month-wise List

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Stay updated on the latest loans and grants in 2024 with our month-wise list of current affairs. In this article, we present loan agreements and grants in a tabular format, providing information on the loan and grant amounts and the purpose of each.

✅ Also Read: Loans and Grants Current Affairs 2023

Every year, the Government of India and all states frequently secure loans from various international banks to fund essential development projects, including healthcare, road construction, and irrigation. These loans play a vital role in supporting the economic growth of both state and central governments. So, in this article, I provide a comprehensive “list of Loan Agreements for India from Different Organizations”.

What is a Loan?

  • A loan is a financial tool that allows individuals, businesses, or governments to borrow money from a lender.
  • The borrower agrees to repay the loan amount and interest over a specified period, typically through regular instalments.
  • Loans serve various purposes, such as buying a home, starting a business, or covering education and medical expenses.
  • They can be secured, requiring collateral like a home or car, or unsecured with no collateral.

What are Grants?

  • Grants, on the other hand, are a form of financial aid that doesn’t require repayment.
  • Governments, foundations, or organizations award grants to individuals, businesses, or nonprofits for research, education, community development, or social services.
  • Grants can be based on merit or need and come in different sizes, making them an appealing source of financing without the obligation of repayment.

Loans and Grants Current Affairs 2024 [January to December]

Loans and Grants Current Affairs January-February 2024

Sl. No.Loan ProviderLoan AmountReceived ByPurpose
1New Development Bank (NDB)$500 millionGujarat GovernmentDevelopment of rural roads
2Asian Development Bank (ADB)$200 millionGovernment of IndiaFor Climate Resilient Brahmaputra Integrated Flood and Riverbank Erosion Risk Management Project
3Odisha (State Government)Financial support for youths under the ‘Swayam’ schemeYouths of the state (under ‘Swayam’ scheme)Youths of the state (under the ‘Swayam’ scheme)
4Japan232.209 billion yenIndiaEstablishment of the International Fintech Institute (IFI) at Gujarat International Finance Tec-City (GIFT City)
5Asian Development Bank (ADB)USD 23 millionGujarat GovernmentEstablishment of International Fintech Institute (IFI) at Gujarat International Finance Tec-City (GIFT City)
6Government of IndiaRs 10,000 (interest-free)Flue Cured Virginia (FCV) Tobacco growers in Andhra PradeshFinancial support for FCV Tobacco growers in Andhra Pradesh

Loans and Grants Current Affairs March 2024

Sl. No.Loans/Grants ProviderAmountReceived ByPurpose
1Japan Bank for
International Cooperation (JBIC)
USD 200 millionNTPC LimitedForeign currency loans
2Japan Bank for
International Cooperation (JBIC)
Japanese yen (JPY) 20 billionNHPC LtdDeveloping a 300 MW solar project in Bikaner, Rajasthan
3World Bank$452 millionAssam GovernmentAssam Resilient Rural Bridges Program
4Asian Development Bank$181 millionGovernment of IndiaAhmedabad Peri-urban Livability Improvement Project
5Under “Acing Development of Innovative Technologies
with iDEX” (ADITI) Scheme (GOI)
Up to Rs 25 crore (grant-in-aid)Start-ups in defence technologiesTo promote innovations in critical and strategic defence technologies
6Indo-Pacific Economic Framework for Prosperity$33 million (Grant)Indo-Pacific Economic Framework for Prosperity (IPEF) PartnersIPEF Catalytic Capital Fund under Pillar III Clean Economy Agreement
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